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The Government's Acquisition of Is an Example the Inherent Powers

question 35

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The government's acquisition of is an example the inherent powers of government, and was needed to gain the support of states such as Maryland during ratification of the Constitution.


Definitions:

Partnership

Association of two or more persons who operate a business as co-owners by voluntary legal agreement.

Debts

Money that is owed or due to be paid to another individual or entity.

Sole Proprietorship

Business ownership in which there is no legal distinction between the sole proprietor’s status as an individual and his or her status as a business owner.

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