Which One of the Following Statements About General Partnerships Is

question 42

Multiple Choice

Which one of the following statements about general partnerships is false?

• A)A general partner can limit his liability for the firm's obligations by using the term "limited" after his name on stationery.
• B)Each partner has unlimited personal liability for the debts of the partnership.
• C)The Partnership Act can imply contractual terms into a partnership where the partners did not expressly agree on some detail of the relationship.
• D)Partnership is the relationship that exists between persons carrying on business together with a view to making a profit.
• E)A partnership can exist even without a written partnership agreement.

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Definitions:

Region of Rejection

The range of values in hypothesis testing that leads to rejection of the null hypothesis, indicating statistical significance.

Alternative Hypothesis

The hypothesis that proposes there is an effect, or there is a difference, contrary to the null hypothesis.

Unshaded Area

In the context of data visualization, it refers to parts of a graph or chart that are not marked by patterns or colors and may represent certain values or categories.

Shaded Area

In graphical representations, the shaded area usually refers to the region under the curve of a distribution, often used to indicate probabilities or portions within a range.