Which of the following is true regarding an insolvent partnership under the UPA?
A) Any partner who pays an amount in excess of his proper share of the losses has a right of contribution against the partners who have not paid their share.
B) The partners must contribute their respective share to the losses in order to pay creditors.
C) If one of the partners is out of the jurisdiction and refuses to contribute, the other parties must contribute the additional amount necessary to pay the firm's liabilities in the relative proportions in which they share the profits.
D) All of these are true.
D
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A patent is amortized over its expected useful life or 20 years. The expected useful life can be impacted by all of the following except
A) a unsuccessful lawsuit against a competitor. B) the federal government renewing the original patent. C) technical innovations by a competitor. D) product improvements by the patent holder.
The indirect method separately lists each major item of operating cash receipts and cash payments.
Answer the following statement true (T) or false (F)
Which of the following statements is true of e-mail contracts?
A) All e-mail contracts require consideration, capacity, and lawful object. B) E-mail contracts are exempted from the requirements of the Statute of Frauds. C) All e-mail contracts are enforceable even if they don't meet the requirements of a traditional contract. D) Several e-mails cannot be integrated to determine the parties' agreement.
Under the laws of most states, a corporation cannot be held responsible for committing crimes
a. True b. False Indicate whether the statement is true or false