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Andre invested $100,000 in a partnership with Erik and Louis. Andre's contract with the partnership states he will receive a portion of partnership profits, but he will be liable for partnership's debts only to the extent of the $100,000 he invested. Andre is:
Special State Conventions
Assemblies convened within a state for specific purposes, such as ratifying constitutional amendments or drafting a new state constitution.
U.S. Constitution
The foundational document of the United States, establishing the framework of the federal government and outlining the rights and freedoms of its citizens.
Ratify
The act of officially approving a treaty, agreement, or legislation, making it formally valid.
Three-Fifths Compromise
An agreement reached during the 1787 United States Constitutional Convention that counted three out of every five slaves as a person for purposes of representation and taxation.
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