menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 7
  4. Exam
    Exam 34: Small Business, Entrepreneurship, and General Partnerships
  5. Question
    A General Partnership Is Valid Only If It Is Carried
Solved

A General Partnership Is Valid Only If It Is Carried

Question 51

Question 51

True/False

A general partnership is valid only if it is carried out for profit.

Correct Answer:

verifed

Verified

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

Related Questions

Q46: List and briefly explain the advantages and

Q47: The _ requires general partners to adhere

Q48: An entrepreneur is a person who forms

Q49: General partners are permitted to sue other

Q50: Self-dealing-although fully disclosed-is not permitted in a

Q52: Instead of suing the partnerships or other

Q53: The _ is a model act that

Q54: Why does a sole proprietorship not pay

Q55: The name selected by a general partnership

Q56: All general partners have an equal right

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