Three Sisters Specialty Foods, owned by Judith Coker, Millie Humphreys, and Jade Watson, sells eggless cake mixes for people on a restricted diet.Coker recently purchased an industrial grade mixer without conferring with her sisters who were upset when they learned that they were all three liable for the payments on the mixer.Three Sisters is an example of a:

Question

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In a general partnership, all partners are equally liable for the debts and obligations of the business, which is the case with the Three Sisters Specialty Foods where all three owners are liable for the payments on the mixer.

Three Sisters Specialty Foods, Owned by Judith Coker, Millie Humphreys