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Mineka Robertson
on Nov 14, 2024

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The partner in a limited partnership that has unlimited liability is referred to as the

A) lead partner.
B) head partner.
C) general partner.
D) unlimited partner.

General Partner

A partner in a partnership responsible for management decisions, who has unlimited liability for the debts and obligations.

Limited Partnership

A business structure where one or more general partners manage the business and are personally liable, while limited partners invest but do not partake in management or bear as much liability.

  • Comprehend the structural details and law-related characteristics of partnerships.
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Marcus VillarrealNov 15, 2024
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