Which is true for all types of partnerships?
(A) There is a potential for conflict.
(B) All partners have unlimited liability.
(C) There are special tax laws for partners.
(D) Only one person makes the decisions.
Ans: (A) There is a potential for conflict.
Business
You might also like to view...
Matt is applying for life insurance and requests a double indemnity rider. A double indemnity benefit will be payable to Matt's beneficiary if Matt
A) is killed while committing a felony B) dies of a stroke C) dies instantly from a car accident D) is injured in a skiing accident and dies 18 months later
Business
The U.S. stock markets tend to produce the highest rate of return each year
Indicate whether the statement is true or false.
Business