An unincorporated association of two or more persons to carry on a business for profit as co-owners is called a
A) Partnership
B) Proprietorship
C) Partnership contract
D) Mutual agency
E) Divided authority
Correct Answer:
Verified
Q31: A partnership designed to protect innocent partners
Q45: When a new partner is added to
Q46: When a partner is unable to pay
Q47: When a partnership is liquidated
A)The noncash assets
Q48: Discuss the characteristics of partnerships and similar
Q51: Which of the following statements is true?
A)Partners
Q52: Unlimited liability of partners is
A)The agreement between
Q53: Explain the type of information needed to
Q54: A bonus may be paid
A)By a new
Q55: A partner can withdraw from a partnership
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