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Which of the following statements about partnerships is true?

Practice Questions

1 question
Q1
Which of the following statements about partnerships is true?
  1. All partners must have equal say in decisions
  2. Partnerships are always limited liability
  3. Partners can be held personally liable for business debts
  4. Partnerships cannot have more than two partners

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following statements about partnerships is true?
Solution: In a general partnership, partners can be held personally liable for the debts of the business.
Steps: 0

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