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Unanimous agreement under the Uniform Partnership Act is required for decisions to
assign partnership property to creditors
They can attract large sums of capital due to increased investor liability
no extra compensation unless all partners agree
sole proprietorships
both of these
general partnership
a foreign corporation
corporation
A corporation doing business in one state but chartered in another state is called
assign partnership property to creditors
They can attract large sums of capital due to increased investor liability
no extra compensation unless all partners agree
sole proprietorships
both of these
general partnership
a foreign corporation
corporation
The most numerous legal form of business organizations are
assign partnership property to creditors
They can attract large sums of capital due to increased investor liability
no extra compensation unless all partners agree
sole proprietorships
both of these
general partnership
a foreign corporation
corporation
A partner who invests more capital, brings in more business, or works longer and harder than his or her associates is entitled to
assign partnership property to creditors
They can attract large sums of capital due to increased investor liability
no extra compensation unless all partners agree
sole proprietorships
both of these
general partnership
a foreign corporation
corporation
In a limited partnership
assign partnership property to creditors
They can attract large sums of capital due to increased investor liability
no extra compensation unless all partners agree
sole proprietorships
both of these
general partnership
a foreign corporation
corporation
Which of the following statements regarding a corporation is untrue?
assign partnership property to creditors
They can attract large sums of capital due to increased investor liability
no extra compensation unless all partners agree
sole proprietorships
both of these
general partnership
a foreign corporation
corporation
Tess, Constance, and Jessica want to establish a partnership for their law firm expressed purpose to provide legal advice. Each partner has agreed to assume full personal responsibility for all debts. This is known as a
assign partnership property to creditors
They can attract large sums of capital due to increased investor liability
no extra compensation unless all partners agree
sole proprietorships
both of these
general partnership
a foreign corporation
corporation
Which type of business organization offers perpetual life as well as limited liability?
assign partnership property to creditors
They can attract large sums of capital due to increased investor liability
no extra compensation unless all partners agree
sole proprietorships
both of these
general partnership
a foreign corporation
corporation
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