BLAW 2301 Final Exam Questions And Answers For A+ Score 2026
1. Nadel V. Starkman, the sad but true story that opens 6 years
CH. 32, wasted everyone's time for years before it
finally was resolved at the court of appeals.
2. Your textbook authors compare being partners in a being married.
partnership to--
3. Every Texas partnership must register and file its True
partnership agreement with the Office of the Secre-
tary of State.
4. A parternship is epitomized by the patterns agree- Both profits and losses.
ment to share--
5. Nancy and Joe, girlfriend and boyfriend, tried very Lost
hard to keep their relationship a secret from Joe's
wife. So when they started buying houses as "part-
ners"(but with Joe's money), the properties were tilt-
ed in navy's name only. After the city condemned
one of the properties (a forced sale to the city), Nan-
cy refused to give Joe any of the cash proceeds. Joe
sued Nancy in state court, where he ---
6. Any liability of a partnership to outsiders --eg., for Apparent
torts - can be triggered by the act of any of the part-
ners who has (i) actual, (ii) implied, or (iii) authority
to act on behalf of the partnership.
7. Just last week, Frank and Frankie, longtime part- Probably yes.
ners in a rare book dealership, filed papers with
the Secretary of State to dissolve their partnership.
Then Frankie flew to London and was the winning
$10 million bidder at Christie's for a rare copy of
, BLAW 2301 Final Exam Questions And Answers For A+ Score 2026
Shakespeare's first folio. When she checked in for
the auction, she had handed over a "Frank & Frankie
Co." business card without thinking...
If Frankie then had buyers' remorse and tried to
back out of the purchase, cold the auction house
successfully sue the partnership?
8. If a partner purports to act on behalf of the part- Yes, either by accepting the
nership but in fact has no authority to do so, can benefit of or by failing to time-
the partnership ratify that unauthorized action if it ly repudiate the unauthorized
chooses to? transaction.
9. Whatever one partner knows, each of the partners True
of a partnership is legally deemed to know.
10. Jimmy and Jammy are partners in an art gallery. The Partnership
One day Jimmy knowingly sells a fake Frida Kahlo to
an unwitting customer for $3 million. Soon enough
the customers finds out and sues. Is the "Jimmy &
Jammy Co." liable, or only Jimmy?
11. Jimmy goes to a bar on Saturday night. He drinks No
enough to bring out his inner demons, then point-
lessly commits criminal assault & battery on another
patron who was just minding his own business. Is.
the Jimmy & Jammy Co. liable for this criminal act
since Jimmy is a partner?
12. The XYZ partnership borrows $1M from BOA. Then Only those unwise enough to
XYZ loses its biggest customer and, as a result, stops be general partners.
making payments to BoA. Are the individual XYZ
partners liable to BoA in their individual capacities?
1. Nadel V. Starkman, the sad but true story that opens 6 years
CH. 32, wasted everyone's time for years before it
finally was resolved at the court of appeals.
2. Your textbook authors compare being partners in a being married.
partnership to--
3. Every Texas partnership must register and file its True
partnership agreement with the Office of the Secre-
tary of State.
4. A parternship is epitomized by the patterns agree- Both profits and losses.
ment to share--
5. Nancy and Joe, girlfriend and boyfriend, tried very Lost
hard to keep their relationship a secret from Joe's
wife. So when they started buying houses as "part-
ners"(but with Joe's money), the properties were tilt-
ed in navy's name only. After the city condemned
one of the properties (a forced sale to the city), Nan-
cy refused to give Joe any of the cash proceeds. Joe
sued Nancy in state court, where he ---
6. Any liability of a partnership to outsiders --eg., for Apparent
torts - can be triggered by the act of any of the part-
ners who has (i) actual, (ii) implied, or (iii) authority
to act on behalf of the partnership.
7. Just last week, Frank and Frankie, longtime part- Probably yes.
ners in a rare book dealership, filed papers with
the Secretary of State to dissolve their partnership.
Then Frankie flew to London and was the winning
$10 million bidder at Christie's for a rare copy of
, BLAW 2301 Final Exam Questions And Answers For A+ Score 2026
Shakespeare's first folio. When she checked in for
the auction, she had handed over a "Frank & Frankie
Co." business card without thinking...
If Frankie then had buyers' remorse and tried to
back out of the purchase, cold the auction house
successfully sue the partnership?
8. If a partner purports to act on behalf of the part- Yes, either by accepting the
nership but in fact has no authority to do so, can benefit of or by failing to time-
the partnership ratify that unauthorized action if it ly repudiate the unauthorized
chooses to? transaction.
9. Whatever one partner knows, each of the partners True
of a partnership is legally deemed to know.
10. Jimmy and Jammy are partners in an art gallery. The Partnership
One day Jimmy knowingly sells a fake Frida Kahlo to
an unwitting customer for $3 million. Soon enough
the customers finds out and sues. Is the "Jimmy &
Jammy Co." liable, or only Jimmy?
11. Jimmy goes to a bar on Saturday night. He drinks No
enough to bring out his inner demons, then point-
lessly commits criminal assault & battery on another
patron who was just minding his own business. Is.
the Jimmy & Jammy Co. liable for this criminal act
since Jimmy is a partner?
12. The XYZ partnership borrows $1M from BOA. Then Only those unwise enough to
XYZ loses its biggest customer and, as a result, stops be general partners.
making payments to BoA. Are the individual XYZ
partners liable to BoA in their individual capacities?
