A Partnership That Has at Least Two Classes of Partners,general

question 86

Short Answer

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

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Definitions:

Deontology

A moral philosophy that emphasizes the inherent rightness or wrongness of actions, independent of their consequences.

Deontologist

A philosopher or ethics scholar who believes in deontology, a theory that suggests actions are right if they are in accordance with a set of duties and rules.

Manufacturing Plant

A facility equipped with machinery for the processing and production of goods or materials.

Workers' Rights

A set of legal rights and claimed human rights having to do with labor relations between workers and their employers, usually obtained through collective bargaining and labor legislation.