Solved

When the Obligations of a Partnership Cannot Be Met,each Partner

Question 96

Multiple Choice

When the obligations of a partnership cannot be met,each partner is liable for the obligation.This characteristic is called:


A) limited life.
B) unlimited liability.
C) limited liability.
D) mutual agreement.

Correct Answer:

verifed

Verified

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

Related Questions