Examlex
Convert the fraction to a higher term as indicated: to eighths
Unlimited Liability
A legal structure where business owners are personally responsible for all of the business's debts, without limitation to their personal assets.
Partnership Assets
Assets owned by a partnership, which are used in the operation of the business and are subject to the rights and interests of the partners.
Debts
Money that is owed or due to another individual or entity.
Partnership
A partnership is a legal form of business operation between two or more individuals who share management and profits. The specific rules can vary depending on the agreement and the jurisdiction.
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