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Jack Smith and Four Other People Own Persimmon Hill Farm

Question 46

Multiple Choice

Jack Smith and four other people own Persimmon Hill Farm, an agric-entertainment farm which provides corn mazes, bonfires, hay rides, and food treats to paying visitors.All of the owners have limited financial risk.Persimmon Hill Farm is a(n) :


A) strategic alliance
B) general partnership
C) limited partnership
D) corporation
E) multiple proprietorship

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