menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business
  4. Exam
    Exam 4: Choosing a Form of Business Ownership
  5. Question
    A General Partner Is Responsible for Any Debts of the Partnership
Solved

A General Partner Is Responsible for Any Debts of the Partnership

Question 13

Question 13

True/False

A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the transaction that created the debt.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: Which of the following statements is false?<br>A)

Q9: Anyone with the money can purchase shares

Q10: Preferred stockholders receive dividends before dividends are

Q11: Describe the merger trends affecting American business.

Q12: Unlimited liability means<br>A) there is no limit

Q14: Legally, a partnership must<br>A) have at least

Q15: Tracy is considering expanding his business and

Q16: How do management tasks differ for a

Q17: What do experts believe is likely to

Q18: Common stock carries all the following rights

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines