Which of the following is true regarding the treatment of a partnership as a legal entity?
A) A partnership is often considered a legal entity when it is sued or being sued.
B) State law determines whether a partnership can or cannot be named in litigation.
C) Title to property can be put in the partnership name.
D) A partnership is often considered a legal entity when it is sued or being sued, state law determines whether a partnership can or cannot be named in litigation, and title to property can be put in the partnership name.
E) A partnership is often considered a legal entity when it is sued or being sued and state law determines whether a partnership can or cannot be named in litigation, but title to property cannot be put in the partnership name.
Correct Answer:
Verified
Q5: Title to property may not be put
Q8: If one partner pays an entire judgment
Q11: If a partner has authority to act
Q15: Joint and several liability means that partners
Q21: Which of the following bring foreign information
Q23: Which of the following may be a
Q24: Which of the following is a way
Q25: When the articles of partnership are silent,
Q26: Payment for which of the following fails
Q27: Partners own partnership property as _, meaning
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