menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Understanding Business
  4. Exam
    Exam 5: How to Form a Business
  5. Question
    All Partners in a General Partnership Have Limited Liability for the Debts
Solved

All Partners in a General Partnership Have Limited Liability for the Debts

Question 244

Question 244

True/False

All partners in a general partnership have limited liability for the debts of their firm.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q239: States may levy special taxes on corporations

Q240: Tadashi's uncle passed away and left him

Q241: Being your own boss means<br>A) reducing your

Q242: The owners of a corporation are known

Q243: Compared to sole proprietorships, partnerships offer the

Q245: Global franchising is unlikely to experience major

Q246: The authors suggest that potential partners discuss

Q247: One difference between partnerships and sole proprietorships

Q248: Ramses owns a roofing business. He enjoys

Q249: A franchise may be organized as a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines