A person admitted into an existing partnership is personally liable for all of the obligations of the partnership arising before his admission
a. True
b. False
Indicate whether the statement is true or false
False
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List the various options for individual incentives.
What will be an ideal response?
The Wheeler-Lea Act of 1938 is also called the ________ Act.
Fill in the blank(s) with the appropriate word(s).
A partner's fiduciary duty under the UPA differs in some respects from that under the RUPA
a. True b. False Indicate whether the statement is true or false
Marvin needs a particular computer software program to complete a school project, so he clicks his way to the software's website, clicks on the "Buy" button, enters all his credit card information and completes the order. Before he is allowed to download his new purchase, however, he must place a checkmark in a tiny box affirming that he "has read and agrees to the terms of the agreement." Like
millions of other computer user, he hasn't read the first word of the agreement. If the software causes massive malfunction of his computer, is he entitled to damages? a. Yes, because this is clearly due to negligence on the part of the software developer. b. No, because Marvin should have read the terms. He lied about reading them, so he isn't entitled to anything. c. No, because the terms of the agreement specified that the software developer assumes no liability for the use of the software. d. The result is uncertain, because there is no clear consensus among the courts in this relatively new area of law.