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NEW QUESTION: 1
In 1992, Anchor, Chain, and Hook created ACH Associates, a general partnership. The partners orally
agreed that they would work full time for the partnership and would distribute profits based on their capital
contributions. Anchor contributed $5,000; Chain $10,000; and Hook $15,000. For the year ended
December 31, 1993, ACH Associates had profits of $60,000 that were distributed to the partners. During
1 994, ACH Associates was operating at a loss. In September 1994, the partnership dissolved.
In October 1994, Hook contracted in writing with Ace Automobile Co. to purchase a car for the partnership.
Hook had previously purchased cars from Ace Automobile Co. for use by ACH Associates partners. ACH
Associates did not honor the contract with Ace Automobile Co. and Ace Automobile Co. sued the
partnership and the individual partners.
A. Ace Automobile Co. would win a suit brought against ACH Associates because Hook's authority
continues during dissolution.
B. Ace Automobile Co. would lose a suit brought against ACH Associates because Hook, as a general
partner, has no authority to bind the partnership.
Answer: A
Explanation:
Choice "b" is correct. A partner's authority to bind the partnership continues after dissolution to persons
who have extended credit to the partnership previously and who are without notice of the dissolution. The
facts state that Hook had previously purchased cars for the partnership from Ace, and presumably the
purchases were on credit. Since nothing in the facts indicates that Ace was given notice of the dissolution,
the partnership will be bound.
NEW QUESTION: 2
What is used to deliver status notifications from the TIBCO ActiveMatrix node to the ActiveMatrix Administrator?
A. TIBCO Enterprise Message Service
B. RMI
C. HTTPS
D. TIBCO Rendezvous
Answer: A
NEW QUESTION: 3
A. Option B
B. Option A
C. Option D
D. Option C
Answer: B
NEW QUESTION: 4
You are running a system landscape of AS ABAP-based SAP systems.
Which options do you have for selecting transport requests to be imported? (Choose three)
A. You can select several individual transport requests to be imported in one step.
B. You can select a single transport request and import it into multiple SAP systems in one step.
C. You can select all transport requests for import that contain objects of a selected package.
D. You can select a single transport request for import.
E. You can filter transport requests for a certain project and import them together in one step (if you have activated the CTS functions in transaction SPRO_ADMIN [Customizing: Project Administration]).
Answer: A,D,E