Option D. Of these options the answer that is true about the partnership is two of these.
This is the term that is used to refer to the situation where two people or more may jointly decide to run and own a business.
The two people are involved and liable for the business. When a partner dies the partnership dissolves.
Hence two options are correct. These are:
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Aaron and Jerard form a partnership, with Aaron as general partner and Jerard as a limited partner. Which of the following is true? (Points : 1)
Aaron will be fully personally liable for business debts.
Jerard will not be personally liable for business debts.
If Jerard dies, the partnership will dissolve.
Two of these
