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lorasvet [3.4K]
2 years ago
6

Which of the following is an example of a general partnership?

Business
1 answer:
vesna_86 [32]2 years ago
7 0

Answer:

d. Ken and Paul start a graphic design business together. When Ken fails to deliver on a contract with a customer, Ken and Paul are held equally responsible when the customer sues for damages.

Explanation:

A general partnership is one where more than two people are involved in the running of a business and each bears an unlimited liability in the obligations of the business.

The partners share profit and losses from the business activities.

The scenario where Ken fails to deliver on a contract with a customer, Ken and Paul are held equally responsible when the customer sues for damages. Is a perfect example of a general partnership.

Both partners share in the loss that results from business activity.

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