In a Partnership,the General Partner(s)share Their Unlimited Liability for the Business

question 73

True/False

In a partnership,the general partner(s)share their unlimited liability for the business debts with both silent and dormant partners.

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Definitions:

Employer Contributes

Refers to the financial or resource input made by employers towards employee benefits, retirement plans, or health insurance.

Saving

The process of setting aside a portion of current income for future use, or the amount of money that is put aside.

Earns

The act of receiving money in exchange for goods or services, or as profit from investments.

Sub-Contracting

The practice of a company hiring a third-party to perform tasks, handle operations or provide services that are either difficult to manage or outside the company's expertise.