Which of the Following Is Not an Option Available to a General

question 49

Multiple Choice

Which of the following is not an option available to a general partnership seeking capitalization?

• A) borrowing money from one or more of the partners
• B) selling the right to a percentage of the profits to an investor
• C) selling ownership rights through the public markets
• D) borrowing money from a commercial lender

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Definitions:

Strict Performance

A legal concept that requires parties to completely fulfill the obligations of a contract without deviation.

Unconditional Duty

An obligation that must be fulfilled without any conditions or stipulations.

World Famous

describes a person, place, or thing that is widely recognized and honored across the globe.

Breach of her Contract

The failure or refusal to fulfill the terms agreed upon in a contract by a female party involved.