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.
Answer:
A two-party system is a party system in which two major political parties dominate the political landscape. In the U.S. the two political parties are known as the Democratic party and the Republican party. Whichever one typically holds the majority is usually referred to as the majority or governing party while the other is the minority or opposition party. Although around the world the term has different senses.
Explanation:
Explanation: Thoreau was a philosopher, writer and devotee of nature. His philosophy was based on independence, freedom of mind. He felt that the government was restricting people from taking care of themselves, their needs. He was not an anarchist but believed in minimal, almost no governmental restrictions.
He considered the rule of the majority is not good, because it implied the compulsion of having to go with the group and follow the rules of the group, which was restrictive for him. The only obligation, according to Thoreau, was to follow his conscience. That way, he would only do what he thought was right, and he would be obliged to do only what was right.
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