Individuals in a Valid General Partnership Are Not Personally Liable

question 42

True/False

Individuals in a valid general partnership are not personally liable for the obligations of the business.

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Definitions:

Minorities

Groups of individuals differing from the majority of the population in some characteristics, often facing systemic disadvantages.

Sexual Violence

Involves any sexual act or attempt to obtain a sexual act by violence or coercion, acts directed against a person's sexuality using force, by any person regardless of their relationship to the victim.

Victim

An individual who suffers harm or loss as a result of a crime, accident, or other adverse event.

Poor Black Women

Represents a demographic group that faces intersecting forms of societal disadvantage and discrimination based on race, gender, and economic class.