Which of the following is untrue of a limited partnership?
a. Limited partnerships must be formed under a state statute.
b. Limited partners' surnames ordinarily cannot be used in the partnership business name.
c. Partners in limited partnerships must contribute services to the partnership.
d. Limited partners in a limited partnership are generally not responsible for the debts of the partnership beyond their investment.
c
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The amount of cash interest the borrower pays each year is based on the ________.
A) market conditions on the day of payment B) market interest rate C) stated interest rate D) effective interest rate
A rapid build-up of inventories normally requires additional financing, unless the increase is matched by an equally large decrease in some other asset.
Answer the following statement true (T) or false (F)
Identify and explain at least four situations where a written contract is either necessary or recommended
____________ implementation discards the old system completely and immediately starts to use the new system.
Fill in the blank(s) with the appropriate word(s).