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:

Fraudulent Misrepresentation

A false statement of fact made with knowledge of its falsity, intended to induce another to act, resulting in harm.

Punitive Damages

Damages exceeding simple compensation and awarded to punish the defendant for egregious behavior or acts.

Tort Of Deceit

A civil wrong involving intentional misrepresentation, leading another to suffer damages.