Which of the Following Is True of a Partnership

question 45

Multiple Choice

Which of the following is true of a partnership?

• A) Neither partner is personally liable for the debts and obligations of the business.
• B) Both partners are personally liable for the debts and obligations of the business.
• C) The partner who owns the larger share of the partnership is liable for the debts and obligations of the business.
• D) The partner who owns the smaller share of the partnership is liable for the debts and obligations of the business.

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Definitions:

Sociologists

Scholars or practitioners who study social behaviors, institutions, relationships, and development.

Manifest Function

An explicit or intended, beneficial outcome of a structure or institution within society.

Athletic Shoes

Footwear specifically designed for sports and physical activities, offering various features to enhance performance, provide comfort, and support the feet.

Latent Functions

The less obvious, perhaps unintended functions of a social structure.