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Two People Own a Piece of Land Together and Share

Question 6

Multiple Choice

Two people own a piece of land together and share profits associated with renting the property but have agreed that neither can sell the property without the consent of the other. What is the legal form of business arrangement that applies here?


A) a sole proprietorship
B) a partnership
C) a limited partnership
D) a corporation
E) a joint venture

Correct Answer:

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