A doctor misdiagnoses a serious illness. Her partners in the clinic are not liable for her mistake. What kind of partnership do the doctor and her partners have?

(A) General partnership
(B) Service cooperative
(C) Limited liability partnership
(D) Limited partnership

Ans: (C) Limited liability partnership

Business

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The right to possess, encumber, use, and enjoy a piece of property to the exclusion of all others, would be an accurate description of:

a. a life estate b. real property c. property ownership d. an equitable position

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Setting prices below cost, threatening to cut off business with suppliers, and discouraging the purchase of a competitor's products are all examples of ________

A) oligopolistic competition B) social costs C) predatory competition D) acquisitions E) cultural pollution

Business