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
    In a General Partnership, Each Partner Incurs Unlimited Liability Only
Solved

In a General Partnership, Each Partner Incurs Unlimited Liability Only

Question 110

Question 110

True/False

In a general partnership, each partner incurs unlimited liability only for claims resulting from his or her own negligence.

Correct Answer:

verifed

Verified

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

Related Questions

Q23: A limited partnership is an agreement between

Q105: One reason for a conglomerate merger when

Q106: Anita Persaud has opened a new downtown

Q107: If an oil company merged with a

Q108: To increase production capacity and provide consumers

Q111: In Canada, which of the following is

Q112: Relative to sole proprietorships and partnerships, what

Q113: Henry Hanks has a great idea for

Q114: Marco Valez is comparing forms of business

Q115: A business format franchise is a broad

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