Examlex
Key Terms
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Zionism
General Partner
A partner in a limited partnership whose liability is unlimited.
Limited Liability
Refers to a legal structure where a person's financial responsibility for business debts does not exceed their investment in the company.
Partnership Firm
A business entity in which two or more individuals share ownership, responsibilities, profits, and liabilities.
Partnership Agreement
A contract between partners in a business venture, specifying the terms of the partnership, roles, responsibilities, and profit-sharing.
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