Under the ____ Form of Ownership, It's Important to Have

question 79

Multiple Choice

Under the ____ form of ownership, it's important to have an agreement about conditions for settling disputes.

• A)general partnership
• B)limited partnership
• C)corporation
• D)sole proprietor

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Definitions:

Occurrence

An event that happens or takes place, especially one of importance.

Declaratory Judgment

A court order that determines the rights of parties without ordering any specific action or awarding damages.

Negligent

Failing to take proper care in doing something, leading to unintended damage or harm.

Insurance Policy

A contract between an insurer and a policyholder that specifies the terms under which the insurer agrees to compensate the policyholder for loss caused by specific events.