Partners are jointly and severally liable for:

In the context of justifiable reliance on a false assertion, which of the following is true of the modern contract law?

Monitoring is one means by which creditors can control a borrower's incentive to expropriate wealth from the creditors

However, direct monitoring of a borrower's actions is more difficult in a public bond issue than in a private bond issue because of the: a. free-rider problem. b. requirement of registration with the SEC for a public bond issue. c. moral hazard problem. d. adverse selection problem.