In her partnership,Ana has unlimited liability for the partnership's debts.She would be the ________ partner.
A)limited
B)dormant
C)nominal
D)general

Question

Quizplus · Accepted Answer

Ana would be considered the general partner because she has unlimited liability for the partnership's debts. Limited partners have limited liability and are not responsible for the partnership's debts beyond their investment. Dormant partners are inactive partners who do not participate in the management of the partnership. Nominal partners are also known as ostensible partners and have no actual involvement in the partnership, but their name is used to give the appearance of an additional partner.

In Her Partnership,Ana Has Unlimited Liability for the Partnership's Debts