A Partnership That Has at Least Two Classes of Partners

question 68

Short Answer

A partnership that has at least two classes of partners, general and limited, allows the limited partners to have no personal liability beyond the amounts they invest in the partnership, and the limited partners have no active role except as specified in the partnership agreement is a __________partnership.

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Definitions:

Pacinian Corpuscle

A type of mechanoreceptor found in the skin and visceral organs, sensitive to deep pressure and vibration.

Taste Receptor

Cells located on the taste buds that detect chemical components of foods, allowing the sensation of taste.

Hearing Receptor

Specialized cells located in the inner ear that transduce sound vibrations into neural signals.

Balance Receptor

Sensory structures in the inner ear, specifically the vestibular system, that help regulate balance and spatial orientation.