The Characteristic That Means If a Partnership Is Unable to Pay

question 44

Multiple Choice

The characteristic that means if a partnership is unable to pay its obligations all general partners are individually liable is known as:

• A) limited life.
• B) unlimited liability.
• C) limited liability.
• D) mutual agreement.

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Definitions:

Wasting Away

A condition characterized by the gradual decline of muscle mass and body weight, often due to chronic illness or malnutrition.

Abduction

The movement of a limb or other part away from the midline of the body or from another part.

Extremities

The terminal parts of the body—the arms, legs.

Center Line

A reference line that runs down the center of an object or space, commonly used in design and engineering to mark symmetry or alignment.