3 years ago

A general partner in a partnership is a partner who __________.

Social Studies

1 answer:

ruslelena [56]3 years ago

4 0

Answer:

c. Is personally liable for partnership debts.

Explanation:

This is the statement that best describes a general partnership. A general partnership is a financial arrangement in which two or more individuals agree to share assets, profits and liabilities. Therefore, a general partner would be liable for partnership debts. Moreover, these liabilities are unlimited (not capped) and can be paid through the seizure of the partner's assets.

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