Charles has been asked to join a new partnership that is developing a recreation facility. He does not want to be liable for the firm's debts if the project should fail. He could still participate as a: general partner. limited partner. silent partner. working partner. contributor.
Charles has been asked to join a new partnership that is developing a recreation facility. He does not want to be liable for the firm's debts if the project should fail. He could still participate as a: general partner. limited partner. silent partner. working partner. contributor.
Business Its Legal Ethical & Global Environment
10th Edition
ISBN:9781305224414
Author:JENNINGS
Publisher:JENNINGS
Chapter18: Governance And Structure: Forms Of Doing Business
Section: Chapter Questions
Problem 5QAP
Related questions
Question
![Charles has been asked to join a new
partnership that is developing a
recreation facility. He does not want to
be liable for the firm's debts if the
project should fail. He could still
participate as a:
general partner.
limited partner.
silent partner.
working partner.
contributor.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fec2bf2be-a002-497b-b865-ac11e6aaf9e5%2F29144df1-60ae-4467-b92f-5eed1f06d707%2Ffi6kfi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Charles has been asked to join a new
partnership that is developing a
recreation facility. He does not want to
be liable for the firm's debts if the
project should fail. He could still
participate as a:
general partner.
limited partner.
silent partner.
working partner.
contributor.
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