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10. is a type of partnership in which all of the partners are involved in the operation and decision making of the partnership. Each partner
10. is a type of partnership in which all of the partners are involved in the operation and decision making of the partnership. Each partner in this type of partnership is personally responsible for the payment of the partnership debts and obligations, which can require the use of personal assets. 11. is a type of partnership in which two classes of partners exist, one class of partners does not have managerial decision =-making authority. 1 12. is a type of partnership in which the partners are liable for debts or obligations charged to the partnership due to the negligence, wrongful acts, or misconduct by another partner or other lawful representative of the partnership. 13. List ways that a partnership may be terminated: a. b. c
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