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
Correct Answer:
Verified
Q14: Fred is a partner in a land
Q15: For the last 14 months,Greer has been
Q16: Lou,Pete,and Carl are all partners in a
Q17: A and B have decided to carry
Q18: Two years ago the Citizens Bank lent
Q20: Three men decided to form a partnership
Q21: Where there is no fixed end date
Q22: A Limited Liability Partnership (LLP)protects a partner
Q23: Chartered accountants can carry on a limited
Q24: Helen and George formed an equal partnership
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