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Instructions: Identify the Following Terms

question 20

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Instructions: Identify the following terms.
Syngman Rhee and Chung Hee Park


Definitions:

Corporation

A legal entity formed by a group of people to operate a business or businesses, which has most of the rights and responsibilities of an individual.

General Partnership

A business arrangement where two or more individuals agree to share all assets, profits, financial and legal liabilities of a venture.

Partnership Terminates

The process or event leading to the dissolution or ending of a partnership agreement between two or more business partners.

General Partnership

A business structure where two or more individuals share ownership, as well as the responsibilities and liabilities of the business.

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