A partnership is a business that
A) is owned by more than one person and is incorporated.
B) is owned by two persons and is not incorporated.
C) is owned by two or more persons and is not incorporated.
D) requires all profits and losses to be borne equally.
Correct Answer:
Verified
Q1: Agency can be created
A) by express conduct.
B)
Q2: A business in which one or more
Q3: On a resolution to dissolve,a corporation
A) may
Q5: Limited liability companies are
A) synonymous with limited
Q6: Agency by ratification occurs
A) only in cases
Q7: The theory of respondeat superior generally
A) describes
Q8: A corporation's legal status
A) ends on the
Q9: On dissolution,a partnership requires
A) partners to share
Q10: Agency can be used in
A) partnerships.
B) corporations.
C)
Q11: Liquidation is the process of
A) reducing assets
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