Which Statement Is TRUE About Partnerships

question 140

Multiple Choice

Which statement is TRUE about partnerships?

• A)A partnership is a taxpaying entity.
• B)General partnerships have mutual agency and limited liability.
• C)Individuals,corporations,partnerships,or other types of entities can be partners.
• D)A written partnership contract must exist.

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Definitions:

Deep Structure

In linguistics, the underlying, abstract meaning or representation of a sentence, as opposed to its superficial form.

Transformational Grammar

A linguistic theory concerning how deep structures of language are transformed into various surface structures through grammatical rules.

Language

A system of communication that uses grammar and vocabulary to convey meaning through the use of spoken, written, or gestural symbols.

Sign Language

A language that uses manual communication and body language to convey meaning, primarily used by deaf and hard-of-hearing individuals.