Assume You and Your Best Friend Set Up a Partnership

question 158

Multiple Choice

Assume you and your best friend set up a partnership and your lawyer tells you that as the owners,you could each stand to lose your personal wealth if the business goes bankrupt.This means a partnership

• A)faces limited liability.
• B)faces unlimited liability.
• C)has little chance of succeeding.
• D)is not a good type of business to set up.

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No longer produced or used; out of date.

Bushels of Wheat

A measurement unit for volume, commonly used in agriculture, representing the quantity of wheat.

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