In a partnership, each of the partners is liable to third parties for debts of the partnership in proportion to his or her ownership interest in the partnership

a. True
b. False

b

Business

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All of the following documentation is necessary for a publicly subscribed limited partnership EXCEPT:

A) cash flow analysis. B) subscription agreement. C) Certificate of Limited Partnership. D) partnership agreement.

Business

The most general term for the global phenomenon involving reciprocal business interactions between parties in various countries is known as:

A) switch trading. B) barter. C) offset. D) compensation trading. E) countertrade.

Business