Please select the correct term based on the definitions provided below.

The collective name of persons who have entered into a partnership.

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The death or bankruptcy of the principle has this effect on the agency relationship.

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Liability that arises for a principle, where an employee acts tortiously.

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Involves two or more entities carrying on business together with a view to a profit.

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The form of business organization where profits and losses are shared equally unless modified by agreement.

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Lawyers, accountants, and financial advisors are examples of this type of business relationship. Answer $6$ Question $1$

In this form of business organization, the partners can lose only their original investment.

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The duty each partner has to act in the best interest of his or her other partners.

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In a limited partnership, this partner has unlimited personal liability.

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A simple form of business where an individual carries on business alone and is personally liable for all of the debts of the business.

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