In Which Type of Organization Do All Partners Enjoy Limited

question 37

Multiple Choice

In which type of organization do all partners enjoy limited liability in regards to negligence and potential losses limited to their original investment?

• A)general partnership
• B)REIT
• C)sole proprietorship
• D)limited liability partnership (LLP)

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Definitions:

Large Molecules

Molecules that are composed of a large number of atoms, often including complex structures like proteins, nucleic acids, and polysaccharides.

Fluid-Mosaic Model

Model for the plasma membrane based on the changing location and pattern of protein molecules in a fluid phospholipid bilayer.

Phospholipid Bilayer

The fundamental structure of biological membranes, consisting of two layers of phospholipids that create a barrier around cells.

Glycolipids

Molecules consisting of a carbohydrate bonded to a lipid, play key roles in cell recognition and membrane structure.