Examlex

Solved

Roger Assaulted Jim in a Tavern,causing Medical Expenses and Lost

question 9

Multiple Choice

Roger assaulted Jim in a tavern,causing medical expenses and lost wages.Which of the following is true?


Definitions:

Limited Life

A feature of certain business entities where the business has a defined end date or event upon which it will dissolve.

Unlimited Liability

A legal obligation where a business owner or partner is personally responsible for all of the debts of the business.

Mutual Agency

A business principle where each partner in a partnership can act on behalf of the partnership, binding it contractually.

Partnership Accounting

The system of accounting that deals with financial transactions and record-keeping for business partnerships.

Related Questions