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If the General Partnership Is Bound by a Contract, Then

question 36

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If the general partnership is bound by a contract, then each individual general partner has unlimited personal liability for that obligation.


Definitions:

Task Cohesion

The degree to which members of a group work together effectively to achieve common goals.

Social Cohesion

The extent to which members of a community or society stick together, sharing common values and responsibilities, fostering a sense of belonging and mutual support.

Team Confidence

The collective belief of a team in its abilities to achieve its goals and be successful.

Social Cohesion

The bonds that bring society together, involving a sense of belonging, cooperation, and trust among members of a community.

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