In a General Partnership

question 10

Multiple Choice

In a general partnership:

• A) Each partner is personally responsible for all of the firm's debt.
• B) Each partner is responsible only for his/her portion of the firm's debt based on ownership percentage.
• C) Each partner is liable only for the portion of the total debt he/she agreed in writing to pay.
• D) Only the general partner is liable for the firm's debt.
• E) None of the partners are personally liable for the firm's debt.

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Definitions:

Segmentation

The division of a body or a structure into repetitive segments, as seen in organisms like annelids, arthropods, and vertebrates.

Locomotion

The ability or act of moving from place to place, a fundamental biological activity allowing organisms to interact with their environment.

Cephalopods

A class of mollusks that includes octopuses, squids, and cuttlefish, known for their advanced nervous systems and ability to change color.

Torsion

The twisting of the visceral mass characteristic of gastropod mollusks.