When a general business partnership fails, the partners:
A. may be required to pay partnership debts from personal assets.
B. are liable for losses equivalent to their own individual contributions.
C. can waive their limited liability.
D. lose only their investment.
Answer: A
You might also like to view...
Keisha is nervous during her speech. She fidgets with her pen and scratches her nose throughout her presentation. What type of gesture is Keisha displaying?
a. adapters b. affect displays c. illustrators d. emblems
It's important for a market pioneer to choose a launch strategy that is consistent with competitive positioning strategies
Indicate whether the statement is true or false
The labeling of medical devices is under the jurisdiction of the Food and Drug Administration
a. True b. False Indicate whether the statement is true or false
A life annuity that pays nothing after the annuitant's death is a ________ annuity
A) period certain B) straight life C) refund D) single premium deferred