In a partnership, debts accumulated by one partner are
A) the responsibility of that partner only.
B) the responsibility of that partner plus any partners who are actively involved in running the partnership.
C) the responsibility of all of the other partners for the full amount of the debt.
D) the responsibility of all of the other partners, up to the total value of the firm.
C
You might also like to view...
The major categories of expenditures in the economy are:
A) consumption, gross investment, and government purchases. B) consumption, net investment, and net exports. C) consumption, fixed investment, government purchases, and net imports. D) consumption, gross investment, government purchases, and net exports.
Consumer spending is spending by ________ households on final goods and services produced ________
A) domestic; domestically and abroad B) domestic; domestically C) domestic and foreign; domestically and abroad D) domestic and foreign; domestically