Some People with Substantial Assets May Hesitate to Enter a Partnership

question 91

True/False

Some people with substantial assets may hesitate to enter a partnership.
They don't want to lose some or all of these assets because of the mistakes of other
partners.To offset this possible loss they can form an unlimited partnership.

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Definitions:

Charitable Sector

The segment of the economy composed of nonprofit organizations that aim to provide goods and services primarily for social welfare.

Voluntary Sector

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Johnson Amendment

A U.S. law that prohibits tax-exempt organizations from endorsing or opposing political candidates, to maintain separation of church and state.

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The 45th President of the United States, Donald J. Trump, who served from January 20, 2017, to January 20, 2021.