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Match Each of the Following Terms with the Appropriate Definitions

Question 126

Multiple Choice

Match each of the following terms with the appropriate definitions.
-A partnership that has two classes of partners,limited partners and general partners.Limited partners have no personal liability beyond the amount they invest in the partnership,and have no active role except as specified in the partnership agreement.


A) General partner
B) Limited liability partnership
C) Unlimited liability of partners
D) C corporation
E) Statement of partners' equity
F) Mutual agency
G) Limited partnership
H) S corporation
I) Partnership
J) Partnership contract

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