Multiple Choice
Which of the following is true of a partnership?
A) Neither partner is personally liable for the debts and obligations of the business.
B) Both partners are personally liable for the debts and obligations of the business.
C) The partner who owns the larger share of the partnership is liable for the debts and obligations of the business.
D) The partner who owns the smaller share of the partnership is liable for the debts and obligations of the business.
Correct Answer:
Verified
Correct Answer:
Verified
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