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

Answer $1$ Question $1$

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

Answer $2$ Question $1$

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

Answer $3$ Question $1$

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

Answer $4$ Question $1$

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

Answer $5$ Question $1$

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.

Answer $7$ Question $1$

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

Answer $8$ Question $1$

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

Answer $9$ Question $1$

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

Answer $10$ Question $1$

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