Antonio Is a Limited Partner and Is Neither Active nor Generally

question 35

Multiple Choice

Antonio is a limited partner and is neither active nor generally openly associated with the firm.He is the ________ partner.

• A)limited
• B)secret
• C)honorary
• D)dormant

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Definitions:

Contract Language

The specific wording and terms used in a contract that determine the rights, obligations, and conditions for all parties involved.

Prior Incidents

prior incidents refer to events or situations that have happened in the past, often used as reference points in decision-making or assessing risk.

Arbitration

A form of alternative dispute resolution where a neutral third party, the arbitrator, makes a decision to resolve a dispute, often used in labor disputes to avoid court litigation.

Court Hearing

A proceeding before a judge or judicial officer in which legal issues, evidences, and arguments are presented to determine a solution to a legal dispute.