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Match the Terms with Their Descriptions

Question 49

Multiple Choice

Match the terms with their descriptions:
-Franchiser


A) Occurrence requiring the partnership to eventually terminate
B) Unincorporated business owned and controlled by one person
C) Partnership in which only the partnership is liable for the tort liabilities of the partnership
D) Corporation organized in the state in which it is operating
E) Form of business organization having the tax benefits of a partnership and the limited liability benefits of a corporation
F) Association of two or more persons for the purpose of carrying on as co-owners in a business for profit
G) Enterprise relationship in which two or more people combine their labor or property for a single business undertaking
H) Corporation existing in fact
I) Partners that manage the business and are personally liable for its debts and obligations
J) Person or business who gives a franchise to another

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