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In _______ type of partnership, the liability of at least one partner is unlimited
- a)Partnership at will
- b)General Partnership
- c)Limited Partnership
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
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In _______ type of partnership, the liability of at least one partner ...
Yes it is right because in limited partnership all partners are free from liabilities except one it dust like a hindu undivided family you well know about karta but in india limited partnership is not a part of any business
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In _______ type of partnership, the liability of at least one partner ...
Answer:
In a Limited Partnership, the liability of at least one partner is unlimited. Here's a detailed explanation:
Therefore, in a Limited Partnership, the liability of at least one partner is unlimited.
In a Limited Partnership, the liability of at least one partner is unlimited. Here's a detailed explanation:
- Partnership at will: In this type of partnership, partners agree to carry on the business without any specific time limit or duration. The liability of partners is generally limited.
- General Partnership: In a general partnership, all partners have unlimited liability. This means that each partner is personally responsible for the debts and obligations of the partnership.
- Limited Partnership: In a limited partnership, there are two types of partners: general partners and limited partners. The general partners have unlimited liability, while the limited partners have limited liability. Limited partners are only liable up to the amount of their investment in the partnership.
- None of these: This option is incorrect because the correct answer is C, Limited Partnership.
Therefore, in a Limited Partnership, the liability of at least one partner is unlimited.
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In _______ type of partnership, the liability of at least one partner is unlimiteda)Partnership at willb)General Partnershipc)Limited Partnershipd)None of theseCorrect answer is option 'C'. Can you explain this answer?
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