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xenn [34]
3 years ago
14

An owner who is active in managing the company, and who has unlimited liability for claims against the firm is a(n) ___________

partner." add period at end of this sentence.
Business
1 answer:
Law Incorporation [45]3 years ago
6 0

An owner who is active in managing the company, and who has unlimited liability for claims against the firm is a "general" partner.

A general partnership, the essential type of association under common law is a course of action by which at least two people consent to partake in all advantages, benefits and monetary and legitimate liabilities of a business. Such partners have boundless liability, which implies their own assets are at risk to the partnership's commitments.  

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