The Fact That Partnership Assets Are Owned Jointly by All

question 20

Multiple Choice

The fact that partnership assets are owned jointly by all partners is called:

• A) Unlimited liability.
• B) Limited partnership.
• C) Sole proprietorship.
• D) Co-ownership of property.
• E) Mutual agency.

---

Definitions:

Main Ideas

The central concepts or underlying messages in a piece of communication or work.

Effective Meaning

The successful conveyance or communication of a particular message or idea so that it is understood by others.

Topic Sentence

A sentence that expresses the main idea of the paragraph in which it occurs, guiding the reader's understanding of the section's content.

Main Idea

The central thought or message that an author intends to communicate through their text.