The duration of existence of a proprietorship is limited by life of the owner,whereas a partnership is terminated by agreement and a corporation is perpetual unless dissolved.
Correct Answer:
Verified
Q61: Briefly discuss the requirements for the creation
Q62: Identify and briefly explain what feature of
Q63: Identify the situations in which a court
Q64: A sole proprietorship,a partnership,and a corporation may
Q65: Briefly discuss the liability of the partners
Q66: On dissolution and after all a partnership's
Q69: Identify the basic issues that should be
Q69: Briefly discuss the significance of "going it
Q69: List at least six of the ten
Q72: Briefly discuss how the law restricts the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents