Multiple Choice
In a partnership, a(n) ________ partner (owner) actively manages the company and has unlimited liability for claims against the firm.
A) unlimited
B) limited
C) general
D) associate
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q69: Ravi wants to be his own boss
Q70: If you want to sell your ownership
Q71: The limited liability company requires a minimum
Q72: A foreign corporation is chartered in a
Q73: Stockholders in a corporation accept unlimited liability
Q75: Global franchising offers<br>A) few opportunities for American
Q76: Franchisors may send reverse royalties to franchisees
Q77: The franchisee pays the franchisor a share
Q78: Franchisors give franchisees the right to use
Q79: Mackenzie's dream is to open a chain