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n200080 [17]
1 year ago
15

The characteristic that each partner can be legally required to pay the partnership debts even out of personal assets is referre

d to as:_______
Social Studies
1 answer:
elixir [45]1 year ago
7 0

The characteristic that each partner can be legally required to pay the partnership debts even out of personal assets is referred to as <u>General partnership.</u>

General partnership is a basic form of partnership in which two or more individuals own a company based on an agreement to be partners or co-owners.

Usually, each partner is entitled to receive an equal share of the profits and losses, though the partnership agreement may stipulate unequal roles, shares and liabilities in some cases.

The business is not set up as an independent entity, and therefore its profits are taxed only at the personal income level of the partners. Partnership debts may settled with personal assets if necessary.

To learn more about General partnerships: brainly.com/question/12983082

#SPJ4

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Vesnalui [34]

The letter provides us not only with the opportunity to understand past injustices, but it also helps us to shed the light of truth upon present injustices."

Today we can see that both the Declaration of Independence and the “Letter from Birmingham Jail” have served as role models for changes in the government because both documents have been successful in creating reforms within the government of the United States of America.

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6 0
2 years ago
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3 years ago
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3 years ago
Controlling involves ensuring that performance does not deviate from the mission of the organization. Select one: True False
fiasKO [112]

Answer: <em>True.</em>

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Iteru [2.4K]

Answer:

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