In which of the following forms of business partnerships are both general and limited partners not personally liable for debts?

A) sole proprietorship
B) general partnership
C) master limited partnership
D) limited liability limited partnership

D

Business

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Which of the following involve(s) a suretyship relationship?

I. Transferee of a note requires transferor to obtain an accommodation endorser to guarantee payment. II. The purchaser of goods agrees to pay for the goods but to have them shipped to another party. III. The shareholders of a small, new corporation agree in writing to be personally liable on a corporate loan if the corporation defaults. A. I only. B. II only. C. I and II only. D. I and III only.

Business

Which of the following is not true when using a design template for designing visuals?

A) Design templates promote consistency across the organization. B) Design templates save time by eliminating repetitive decision making. C) Design templates ensure better designs. D) Design templates ensure consistency in color palettes, typeface and layouts. E) Design templates are appropriate for all types of messages, from informal internal messages to those written to influential outsiders.

Business