A debit has an unfavorable effect on an account
Indicate whether the statement is true or false
False
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A listing broker refuses to split a commission with a cooperating broker after agree- ing orally to do so. To collect, the cooperating broker would likely
A. notify the real estate commissioner. B. file a complaint with the state labor commissioner. C. start legal action against the other broker. D. do nothing, because an oral agreement cannot be enforced.
Eller, Fort, and Owens do business as Venture Associates, a general partnership. Trent Corp. brought a breach of contract suit against Venture and Eller individually. Trent won the suit and filed a judgment against both Venture and Eller. Venture then entered bankruptcy. Under the RUPA, Trent will generally be able to collect the judgment in full from
A. Partnership assets but not partner personal assets. B. The personal assets of Eller, Fort, and Owens. C. Eller's personal assets only after partnership assets are exhausted. D. Eller's personal assets.