Which of the following is NOT true about partnerships?
A) Partnerships are controlled by state law.
B) A non-profit organization can be a partnership.
C) A partnership has two or more people.
D) Each partner is personally liable for the debts of the partnership.
E) Each partner claims a share of the partnership's business income.
Correct Answer:
Verified
Q65: What is the required number of shares
Q66: The use of barter rather than money
Q67: Authorized shares that have been sold by
Q68: What is a major distinguishing feature of
Q69: What agency is responsible for enforcing the
Q70: What type of liability does a surety
Q71: What is the difference between a C
Q73: A contract under which one company agrees
Q74: Which state never adopted the Uniform Partnership
Q75: The federal law dealing with false advertising
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents