True/False
In a general partnership,all owners share in both management of the business and in the assumption of liability for the firm's debts.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q44: Co-ops distribute their profits to members as
Q45: There are advantages and disadvantages to all
Q46: Homer and Marge have decided to open
Q47: Martyn is a limited partner in Gettout
Q48: Dr.Wright is interested in incorporating as an
Q50: Co-operatives differ from other businesses in several
Q51: Mary is interested in becoming a franchisee
Q52: Ram is a stockholder in Endrun Investments,which
Q53: Connie is a general partner in a
Q336: A recent study showed that partnerships are