What happens if a Notice of Intention to make a proposal is rejected?

		the Trustee in Bankruptcy must seek a settlement with creditors.
		the court must hold a bankruptcy hearing
		the insolvent person is automatically declared bankrupt
		the insolvent person can present a new Notice of Intention on the basis of new information

Three men decided to form a partnership to look for buried treasure. Luke and Mark had expensive equipment, experience, and expertise; but the third partner, Cyrus, had a treasure map. Cyrus had his holidays start a few days earlier than the other two, so he went ahead "to set up camp". Low and behold, before the others arrived, Cyrus found the treasure. So when they did arrive, he immediately dissolved the partnership and claimed the entire treasure for himself. Do Luke and Mark have any legal claim to the treasure?

		Yes, the treasure was found before the partnership was dissolved.
		Yes, they have a fiduciary duty to take their share.
		No, the partnership was dissolved before the treasure was made known.
		No, Luke and Mark's assets were not used to find the treasure.

Which of the following statements about a limited partnership is CORRECT?

		The designated limited partner can manage the partnership at any time.
		Limited partnerships must have at least one limited partner and at least two general partners.
		Any limited partner who takes an active part in the management of the partnership incurs unlimited liability.
		A limited partner has unlimited liability if that partner fails to make a required equity contribution.