The Owners of a Partnership

question 197

Multiple Choice

The owners of a partnership:

• A)Have created an entity that can also be called a sole proprietorship.
• B)Have unlimited liability.
• C)Have to have a written agreement in order to be legal.
• D)Have created a legal organization separate from its owners.
• E)Are called shareholders.

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Definitions:

Duodenum

The first section of the small intestine immediately beyond the stomach, where most chemical digestion occurs.

Common Bile Duct

A duct that carries bile from the liver and gallbladder to the duodenum, part of the digestive system.

Common Hepatic Duct

A duct in the liver through which bile passes from the liver to the gallbladder and to the duodenum.

Falciform Ligament

A ligament that attaches the liver to the front wall of the abdomen and the diaphragm, separating the liver's left and right lobes.