Which of the Following Statements About Partnerships Is False

question 81

Multiple Choice

Which of the following statements about partnerships is false?

• A) A partnership is a legal entity that may enter into valid contracts.
• B) Partnerships are unincorporated entities.
• C) Only individuals may be partners in a partnership.
• D) Partnerships are sometimes referred to as passthrough entities since they do not pay federal income tax.

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Definitions:

Neglect

Failing to provide necessary care, assistance, or attention to someone or something, often leading to harm.

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Actions that are unkind, cruel, or excessively severe.

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Housing facilities specifically designed to meet the needs of senior citizens, offering various levels of care and support.

Relocate

The process of moving to a new place, often for work or personal reasons, involving physical and emotional adjustments.