Which of the following is a characteristic of a partnership?   A. The business is liable for its own debts B. The business can be sued C. The business has no legal personality D. The business is responsible for its own taxes

Which of the following factor(s) is/are considered by courts in determining whether an act committed by an employee occurred within the course and scope of employment? Whether the employer knew that the act would involve the commission of a serious crime. O Whether the employer authorized the employee's act and whether the employer provided the tools by which the act occurred, but not whether the employer knew that the act would involve the commission of a serious crime. Whether the employer provided the tools by which the act occurred. O Whether the employer authorized the employee's act. Whether the employer authorized the employee's act, whether the employer provided the tools by which the act occurred, and whether the employer knew that the act would involve the commission of a serious crime.

Which of the following statements is correct? O A. The liability of the partners for the debts of the partnership is limited to the amounts invested by each partner. O B. The lifespan of a partnership is perpetual. OC. A loan cannot be obtained in the name of the partnership. OD. A partnership business is liable for its own taxes on the profits earned.

Which of the following is a reason to use a partnership as the legal form of a business?   A.   Partnerships avoid the difficulty of raising capital.   B. Partnerships avoid the issue of mutual agency.   C. Partnerships avoid the issue of double-taxation faced by corporations.   D. Partnerships avoid the issue of unlimited liability.