Which of the Following Is Correct with Respect to Partnership

question 76

Multiple Choice

Which of the following is correct with respect to partnership?

• A) Partnership is a separate legal entity.
• B) General partners have limited liability.
• C) General partners have unlimited liability.
• D) Partners are not agents for each other.
• E) A partnership can be made up of only limited partners.

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Definitions:

Mixed-income

Describes communities or housing developments designed to include a range of income levels among residents, aimed at promoting diversity and reducing economic segregation.

Fitness Centre

A facility equipped with workout machines, weights, and sometimes classes, aimed at improving physical fitness and health.

Sizeism

Prejudice against individuals based on their body size, including height and weight.

Fitness Instructor

A professional who guides individuals or groups in exercise activities, including strength training, stretching, and cardio workouts.