A limited partner is liable only for the amount he has invested in the business.
Correct Answer:
Verified
Q89: The partnership,like the proprietorship,avoids the disadvantage of
Q90: In a partnership,the general partner(s)share their unlimited
Q91: When the owner of a sole proprietorship
Q92: The Uniform Partnership Act covers three elements
Q93: If a sole proprietorship fails,the owner is
Q95: A partnership cannot be dissolved except in
Q96: One of the advantages of a sole
Q97: There is no legal limit to the
Q98: Each partner is an agent for the
Q99: The sole proprietorship has the least ability
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents