The Three-Fifths Compromise Referred To

question 92

Multiple Choice

The Three-Fifths Compromise referred to:

• A) giving states with small populations three-fifths of the number of representatives as large-population states.
• B) allowing three slave states into the Union for every five nonslave states allowed to enter.
• C) counting large states as equal to small states in the Senate but not the House.
• D) counting slaves as three-fifths of a person when determining state population.
• E) the requirement that three-fifths of the states must approve a constitutional amendment.

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Definitions:

Buyout Clause

A contractual provision allowing for the purchase of a particular asset or the stake of a business partner under predefined circumstances.

Limited Partnership

A partnership arrangement where some partners have limited liability to the extent of their investment, while others have full liability.

General Partner

A member of a partnership who has unlimited liability for the debts of the business and plays an active role in its management.

LLLP

A Limited Liability Limited Partnership (LLLP) is a form of partnership that provides limited liability to all its partners, not just the limited partners as in a traditional limited partnership.