Andre invested $100,000 in a partnership with Erik and Louis. Andre's contract with the partnership states he will receive a portion of partnership profits, but he will be liable for partnership's debts only to the extent of the $100,000 he invested. Andre is:

a. a subpartner.
b. a dormant partner.
c. a limited partner.
d. an aggregate partner.


c

Business

You might also like to view...

A segment margin is a segment's sales revenue minus its direct variable costs and direct fixed costs traceable to the segment

Indicate whether the statement is true or false

Business

Unlike a product's USP, a product's value proposition is intended to be specifically relevant to the target

Indicate whether the statement is true or false

Business

If fixed costs increase, the breakeven point also increases

Indicate whether the statement is true or false

Business

In the __________ role, managers initiate improvement projects, identify new ideas, and delegate idea responsibility to others.

Fill in the blank(s) with the appropriate word(s).

Business