Which of the Following Statements Relating to a 'General Partnership

question 12

Multiple Choice

Which of the following statements relating to a 'general partnership' is incorrect?

• A) Each partner is liable for the debts of the partnership only in proportion to their original contribution.
• B) It is the most common form of partnership.
• C) Each partner is personally liable for the obligations of the partnership.
• D) Partners have unlimited liability.

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Definitions:

Single-Mother Homes

Households headed by a female parent who does not have a partner or spouse living with her, often emphasizing the unique challenges and dynamics of such family structures.

Female Spousal Couples

Partnerships consisting of two women in a committed, marital-like relationship.

Lesbian Women

Women who are romantically and sexually attracted to other women.

Parents

Individuals who have conceived, adopted, or acted as the primary caregiver to a child, responsible for their child's upbringing, development, and welfare.