A general partnership must
A. Pay federal income tax.
B. Have two or more partners.
C. Have written articles of partnership.
D. Provide for apportionment of liability for partnership debts.
Answer: B. Have two or more partners.
Business
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If Commercial Property coverage is written on the Building and Personal Property coverage form and a loss occurs, the insured must furnish a signed statement of loss within:
a. 60 days after the request of the insurer. b. 30 days after the request of the insurer. c. 45 days after the request of the insurer. d. 75 days after the request of the insurer.
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If a project has multiple internal rates of return, the lowest rate should be used for decision-making
purposes. Indicate whether the statement is true or false
Business