Which of the Following Is Not a Characteristic of a Partnership

question 43

Multiple Choice

Which of the following is not a characteristic of a partnership?

• A)Each general partner has unlimited liability for the debts of the partnership.
• B)If one partner dies or leaves the partnership, the existing partnership is terminated.
• C)The existing partnership agreement is dissolved and a new agreement is formed when a new partner joins the partnership.
• D)The partnership income is subject to a federal income tax that is levied on the business but not on the partners.

Recognize significant figures in the fight against slavery and their contributions.

Comprehend the natural increase in slave population and factors contributing to it.

Identify the geographic movements and repercussions of slave relocations before the Civil War.

Analyze the role and significance of freedom petitions in challenging slavery.

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Definitions:

Credit Balance

A situation in financial accounts where the amount of credits exceeds the amount of debits, indicating an amount owed to the account holder.

Selling Receivables

The process of selling accounts receivable to a third party to get immediate cash, also known as factoring.

Issues

Challenges or problems that arise in the context of business or project management, requiring attention and resolution.

Credit Card

A payment card issued to users as a method of payment allowing the cardholder to pay for goods and services on the basis of the holder's promise to pay for them.