menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Introduction to Business
  4. Exam
    Exam 5: Business Formation: Choosing the Form That Fits
  5. Question
    A General Partnership Is a Voluntary Partnership in Which All
Solved

A General Partnership Is a Voluntary Partnership in Which All

Question 91

Question 91

True/False

A general partnership is a voluntary partnership in which all partners can take an active role in managing the business and have unlimited liability for any claims against the firm.

Correct Answer:

verifed

Verified

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

Related Questions

Q46: The owners of a corporation have limited

Q86: The board of directors establishes the corporation's

Q87: In 1988, Philip Morris, the leading cigarette

Q88: For the franchisee, what are the advantages

Q89: What is the term for the party

Q90: What is the name of the document

Q92: The general partnership is the dominant form

Q94: A franchisee is the business entity in

Q95: Fly By Knight and Air Pockets are

Q96: To reduce risk of vulnerability to downturns

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