In a partnership, the type of partner that is responsible for all claims against the company is called a(n)________.
A)investor
B)general partner
C)unlimited partner
D)limited partner

Question

Quizplus · Accepted Answer

A general partner is responsible for all claims against the partnership, while a limited partner has limited liability and is only responsible for the amount of their investment. An investor is a general term and does not necessarily imply any specific responsibility for claims against the company. An unlimited partner is not a recognized term in partnership law.

In a Partnership, the Type of Partner That Is Responsible