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    Introduction to Business
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    Exam 5: Business Formation: Choosing the Form That Fits
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    Bailey Nix Is a Limited Partner in His Company
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Bailey Nix Is a Limited Partner in His Company

Question 129

Question 129

True/False

Bailey Nix 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.

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