Examlex
Which ethics test is based on the question: "Am I thinking this action or decision is right just because someone with appropriate authority or knowledge says it is right?"
General Partnership
A business arrangement where two or more individuals share ownership, as well as the profits, liabilities, and management duties.
Formality
Specific procedures or ceremonial acts required by tradition, law, or other authority to validate acts, documents, or agreements.
Limited Liability
A legal principle that protects an owner or investor's personal assets from being used to satisfy business debts or claims.
RUPA
The Revised Uniform Partnership Act, which governs the operation of partnerships in the United States.
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