Match Each Statement to the Appropriate Term (A-H)

question 74

Multiple Choice

Match each statement to the appropriate term (a-h) .
-Agreement that is the contract between partners

• A)Partnership
• B)Partnership agreement
• C)Distribution of remaining cash to partners
• D)Mutual agency
• E)Equally
• F)Death of a partner
• G)Liquidation
• H)Unlimited liability

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Definitions:

Two-Thirds Vote

A voting requirement that demands a proposal must receive at least two-thirds of the vote to be accepted or passed, commonly used in legislative bodies for significant decisions.

Party Unity

The cohesion and collective discipline of members of a political party, often in the context of voting or supporting party policies.

House

In the context of government, refers to a legislative body or chamber within a bicameral legislature, often the lower house.

Senate

One of the two houses of the legislature in many countries, especially in the United States, responsible for making and passing laws.