QUESTION 5 Nick Jonas is so impressed with his wife, Priyanka Chopra's business/entrepreneurial efforts that he wants to enter into a partnership with his wife. What are the characteristics of a partnership? O a. All of these answers are correct. O b. Partners exercise authority to bind the partnership to contracts with third parties; and share liability. O c. Partners share in the profit or loss of the business. O d. Partners pool their capital for a common purpose, that is running the business. O e. Partners make decisions and manage the business together. QUESTION 6 Nick Jonas and Priyanka Chopra decide to name their general partnership, Happiness Begins. The couple decides to locate the partnership's head office in Toronto. Yesterday, Nick Jonas's ex-girlfriend, Olivia Culpo, made a surprise visit to the head office. As she was touring the premises, Olivia trips on a microphone wire. She sues the partnership, Happiness Begins, for compensatory damages. Who is liable? O a. Priyanka is solely liable for Olivia's injuries. O b. Nick is solely liable for Olivia's injuries. Or Nick and Privanka have inint and several liability They divide liability equally and are also each entirely