A Primary Disadvantage of a Partnership Is the Unlimited Liability

question 142

True/False

A primary disadvantage of a partnership is the unlimited liability of the partners for partnership debts.

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Definitions:

Seismograms

Records produced by seismographs that display the intensity and duration of earthquake waves, used in the study and monitoring of seismic events.

Earthquake

A sudden shaking of the ground caused by the movement of tectonic plates at faults or by volcanic activity, often resulting in damage to structures.

Investigation

The systematic inquiry or study into something to establish facts and reach new conclusions.

Coastline Uplifted

The rise of landmasses relative to the sea level, often caused by tectonic activities such as earthquakes or isostatic adjustments, leading to changes in coastal landscapes.