Review Map 27

question 44

Essay

Review Map 27.3 and describe the territorial changes that took place after the war was over. Which new countries were created, and which no longer existed?

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Definitions:

General Partnership

A partnership that involves a complete sharing in both the management and the liability of the business.

Limited Liability

A legal structure that limits an owner's loss to the amount invested in a company, protecting personal assets from the company's debts and obligations.

Partnership Interest

The share or portion of ownership that a partner has in a partnership, often reflected in the percentage of the business's profits or losses they receive.