In a Partnership,a(n)__________partner Is an Owner Who Is Active in Managing

question 92

Multiple Choice

In a partnership,a(n) __________partner is an owner who is active in managing the company and has unlimited liability for claims against the firm.

• A)unlimited
• B)general
• C)limited
• D)associate

Identify the responsibilities and liabilities associated with insider trading and the dissemination of non-public material information.

Comprehend the significance of accurate and complete disclosures in registration documents and prospectuses.

Recognize the importance of SEC oversight in both public offerings and private placements, including required disclosures for private placements.

Understand the role of the SEC in prosecuting securities violations and the coordination with other law enforcement agencies.

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Definitions:

Primarily Liable

A legal term describing the party who bears the main responsibility in the fulfillment of an obligation or the payment of a debt.

Artisan Lien

A legal right granted to craftsmen or laborers to retain possession of a client's property until payment is received for services rendered.

Entrusted

Pertains to the act of giving someone the responsibility to take care of something or to carry out a task or duty.

Subcontractor

An individual or business that signs a contract to perform part or all of the obligations of another's contract.