Examlex
Which of the following is TRUE of software?
Partnership
A partnership is a legal form of business operation between two or more individuals who share management and profits.
General Partner
is a member of a partnership who has unlimited liability for the debts of the partnership and takes part in the management of the business.
Unlimited Personal Liability
A legal condition where individuals are fully responsible for all of a business's debts or liabilities without any limit, risking personal assets beyond the investment in the business.
Limited Partnership
A business partnership where at least one partner has unlimited liability and one or more partners have limited liability, not involved in daily management.
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