19. Which statement is NOT true about a general partnership;

a. all general partners are agents of the partnership;

b. all general partners have an equal right to participate in management;

c. a corporation can be a general partner;

d. there must be a written partnership agreement.

20. Tullis and Shivy are physicians who have formed a general partnership. In the event one of them commits malpractice,

a. the other is vicariously liable;

b. the other is liable to the extent of their contribution in the partnership;

c. the other has no liability;

d. the other is only liable if stipulated in the partnership agreement.

37. A corporation is owned by its:

a. directors;

b. officers;

c. members;

d. shareholders;

38. Furiya is both a director and an officer of ABC Corporation. She is therefore a(n)__________director.

a. inside;

b. outside;

c. CEO;

d. permanent.