Why should a creditor of a partnership be concerned about the creditworthiness of the partners?
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Why should a creditor of a partnership be concerned about the creditworthiness of the partners?
PartnershipA legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Partners have unlimited personal liability for the obligations of the firm Wh...View the full answer
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Related Book For 
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
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