Karl Metzger Plans to Invest $5,000 in a Partnership with His

question 99

Multiple Choice

Karl Metzger plans to invest $5,000 in a partnership with his brother to produce and sell handcrafted violins, zithers, and other string instruments. Metzger does not plan to work in the business and wants no more liability than his investment. What should he be?

• A) limited partner
• B) general partner
• C) joint partner
• D) temporary partner

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