Tia and Sam Are Partners Who Solely Own T and S

question 58

Multiple Choice

Tia and Sam are partners who solely own T and S Florist. As owners, they can

• A) claim only limited liability.
• B) avoid taking any legal responsibility for T and S.
• C) sell stock in their company.
• D) claim the organization as their legal property.
• E) decide not to pay a dividend to their stockholders.

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Definitions:

Condition

A state of health, physical situation, or the stipulations affecting an agreement or circumstance.

Laryngectomy

Surgical removal of the larynx or voice box.

Larynx

The voice box located in the throat, responsible for producing sound.

Surgical Removal

The process of excising or taking out a body part or tissue through surgery.