True/False
Bailey is a limited partner in his company. A general partner in his company is going on an extended vacation and has asked Bailey to run the company while he is gone. If Bailey agrees to do so, he will no longer qualify as a limited partner.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q54: A closed corporation is also known as
Q55: A firm is most likely consider a
Q56: A key goal of horizontal mergers is
Q57: A corporation is a voluntary agreement under
Q58: Prism Inc. buys Sealord Corp., a firm
Q60: Individuals who contribute money or property to
Q61: Susan has recently graduated from a reputed
Q62: A corporation must register or qualify as
Q63: Franchising is a licensing agreement under which
Q64: Ria owns 500 shares of stock in