The Partnership Form of an Organization

question 19

Multiple Choice

The partnership form of an organization

• A) avoids the double taxation of earnings and dividends found in the corporate form of organization.
• B) usually provides limited liability to the partners.
• C) has unlimited life.
• D) simplifies decision making.

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Definitions:

Writ of Certiorari

A court order requesting the lower court to deliver its record in a case so that the higher court can review it.

Original Jurisdiction

The authority of a court to hear a case for the first time, as opposed to appellate jurisdiction, which reviews the decisions of lower courts.

Supreme Court

The highest judicial body in a country or state, with ultimate appellate jurisdiction and often the authority to interpret the constitution.

Judicial Philosophy

The underlying set of ideas and beliefs that guide a judge or jurist in making decisions on legal issues, often reflecting their interpretations of the law and the Constitution.