Which of the Following Is True of the Partnership Form

question 10

Multiple Choice

Which of the following is true of the partnership form of business?

• A)The vast majority of partnership agreements are written.
• B)An assignee of a partnership interest has the right to participate in control and enjoys the status of partner.
• C)The partners are not personally liable for the partnership's obligations should it default.
• D)Events in the private lives of the partners can seriously impact the business venture.

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