A_________ is an association of two or more persons to carry on, as co-owners, a business for profit, where each owner owns a share of the business and is personally liable for the firm's profits or losses.

Question

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A partnership is defined as an association of two or more persons who come together to carry on a business for profit as co-owners, where each partner shares in the profits and losses of the business and is personally liable for the business's debts.

A_________ Is an Association of Two or More Persons to Carry