A Company Whose Partners' Liability Is Limited to the Capital

question 19

Multiple Choice

A company whose partners' liability is limited to the capital they have invested in the business is known as a ________.

• A) partnership
• B) corporation
• C) proprietorship
• D) limited liability partnership

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Definitions:

Consequences

The outcomes or effects that result from a particular action or condition.

Economic Injury

Financial harm or damage suffered by an individual, entity, or economy, often due to external factors or actions.

Intentional Tort

A wrongful act done on purpose that causes harm to someone else, including acts like assault or fraud.

Physical Injury

Bodily harm or damage to a person's body, as opposed to emotional or psychological harm.