Paralegal Exam Prep

Category - Miscellaneous

Start a Study Session Sign up for Question of the Day

Which of the following is NOT true about partnerships?

Partnerships are controlled by state law.
A non-profit organization can be a partnership.
A partnership has two or more people.
Each partner is personally liable for the debts of the partnership.
Each partner claims a share of the partnership's business income.

Explanation

Answer: B. That a non-profit organization can be a partnership is not true about partnerships. Partnerships are defined by state law. Generally, only for-profit businesses can be organized as partnerships.

Previous Next

Was this helpful? Upvote!

Start a Study Session Sign up for Question of the Day

Most popular on PracticeQuiz

219 votes

You are attempting to gather information from a patient, but they are having a hard time trying to communicate since they were hit in the throat by a baseball bat. What is the function of the vocal cords? NREMT Advanced EMT
209 votes

An 8-year-old boy named Albert has a 10-year-old brother named Benny. Benny joins the service at 20 leaving Albert feeling bitter that he no longer has a brother to look up to. After 7 years, Albert is finally ready to make up with Benny who has been out of the service for 5 years. How old is Albert now? GED Exam Prep: Math
185 votes

Using motivation from ‘within’ is called ______________. CPCE Exam Prep
177 votes

The lymphatic system contains four organs: Medical Coding Exam Prep
127 votes

“A set of specialized organizational capabilities for providing value to customers in the form of services” is the official definition of: IT Service Management Foundation Practice Test

Paralegal Exam Prep

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

Paralegal Exam Prep

Top questions

Related questions

Most popular on PracticeQuiz