Examlex
Which one of the following statements is correct?
Competing Partnership
A business arrangement where partners are involved in separate ventures that directly compete with each other.
Active Part
The involvement or engagement in activities or actions, often implying a significant role in the process or outcome.
Certificate
A document serving as evidence or proof of certain facts, ownership, completion of requirements, or entitlements.
Limited Partnership
A partnership consisting of at least one general partner and at least one limited partner who is not responsible for the debts and obligations of the business beyond the amount of their investment.
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