If a partner enters into a contract against the wishes of the other partners, the other partners are legally responsible for the contract.
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Q4: A business with a balance sheet showing
Q5: A partnership could be owned by as
Q6: Corporations usually have a tax advantage over
Q7: If one partner is unable to pay
Q8: A disadvantage of a partnership that fails
Q10: A partnership continues even after one partner
Q11: It is difficult to withdraw from a
Q12: To form a corporation a charter is
Q13: A corporation can make contracts, borrow money,
Q14: Stockholders decide when dividends are to be
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