A ________ is a partnership agreement in which company members hold transferable shares while all the goods of the company are held in the names of the partners.
A)joint stock company
B)joint corporation
C)joint partnership
D)limited liability partnership
E)limited liability company

Question

Quizplus · Accepted Answer

A joint stock company is a partnership agreement in which company members hold transferable shares while all the goods of the company are held in the names of the partners.Thus,the joint stock company is a mixture of a corporation and a partnership.As with the corporation,the members who hold shares of stock own the joint stock company.As with the partnership,the shareholders have personal liability,and in most cases the company is not a separate legal entity.

A ________ Is a Partnership Agreement in Which Company Members