The Partnership Form of Business Organization

question 221

Multiple Choice

The partnership form of business organization

• A) is a separate legal entity.
• B) is a common form of organization for service-type businesses.
• C) enjoys an unlimited life.
• D) has limited liability.

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Definitions:

Discovery

The legal process by which parties in a lawsuit obtain information and evidence from each other to prepare for trial.

Interrogatories

Written questions from one party to a lawsuit to another, which must be answered formally.

Pleadings

Written documents filed with a court by parties in a legal dispute, outlining their claims, defenses, or other assertions.

Legal Rules Of Evidence

Guidelines governing the admissibility, relevance, and sufficiency of evidence in legal proceedings.