A Partnership That Has at Least Two Classes of Partners

question 68

Short Answer

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

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Definitions:

Behavioral

Refers to actions or reactions of an organism, usually in relation to the environment.

Biological

Pertaining to the science of life or living organisms, encompassing their structure, function, growth, origin, evolution, and distribution.

Functional Fixedness

Failing to solve a problem as a result of fixation on a thing’s usual functions.

Artificial Intelligence

Refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions.