Multiple Choice
Which of the following is NOT a characteristic of a traditional partnership?
A) Each partner has the authority to commit the entire partnership to a binding contract.
B) A partnership is owned by shareholders or stockholders.
C) A partnership joins two or more individuals as co- owners.
D) If a partnership cannot pay its debts, lenders can take the owners' personal assets to satisfy the obligations.
Correct Answer:
Verified
Correct Answer:
Verified
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