Please help me with these questions. The Q & A are just short one word answers and then the fill in the blanks and true or false.

1 If a plaintiff sues a partnership of seven (7) people and will be able to proceed in litigation against only five (5) people, for a valid judgment, what sort of liability must the jurisdiction apply?

2 Lisa, Rachel, and Ken are partners and have run their shop for many years, but the market has changed, and they decide to close their business.Once theydecide to terminate their business, there is a phase of _______________ during which time all outstanding partnership matters are completed.

3 Harry, Sam, and Victor are partners for many years.Then, one year,Sam wants to retire, but Harry and Victor would like to find a new partner and continue the business. What is Sam's action called?

4 Under corporate law, dividends must be paid to owners of stock of a corporation on an annual basis. (TRUE OR FALSE)