A business organization in which some of the partners are not liable for partnership debts is called a:

Name: A business organization in which some of the partners are not liable for partnership debts is called a:
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Question

Quizplus · Accepted Answer

The correct term for a business organization where some partners have limited liability while others have unlimited liability is a "limited liability partnership" (LLP) or sometimes simply a "limited partnership" (LP), none of the provided options accurately describe this structure.

A Business Organization in Which Some of the Partners Are