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A Partnership Is a Business

Question 62

Multiple Choice

A partnership is a business:


A) with two or more owners, with each owner liable for every other owner's actions.
B) that has only one owner.
C) legally treated as a person and owned by stockholders who are not liable for the actions of the corporate "person."
D) in which each owner is liable only to the extent of his or her own investment.

Correct Answer:

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