In a General Partnership, ________

question 52

Multiple Choice

In a general partnership, ________.

• A)each partner is held responsible for an agreement/decision made by any one of the partners
• B)partners can be held responsible only for decisions they make personally
• C)no partner can be held legally responsible for decisions since the partnership itself is a legal entity
• D)no decision is binding unless all partners agree to it in writing

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Definitions:

Foreseen Danger

A risk or hazard that was known or could have been anticipated prior to an event.

Poisonous Snake

A snake species that has venom which is harmful or fatal to humans and other animals upon biting.

Confinement

The state of being restricted or limited within certain boundaries.

Serious Injury

An injury that poses a significant threat to an individual's health or life, often requiring medical intervention.