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For Three Years,John,Michael,and Mary Have Carried on a Business That

Question 19

Multiple Choice

For three years,John,Michael,and Mary have carried on a business that is charitable in nature.Each of them contributed capital to the business and has his or her duties set out in an agreement.The form of business that they have created is


A) a sole proprietorship.
B) a joint venture.
C) a general partnership.
D) a limited liability partnership.
E) none of the above

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