A sole-proprietorshipis made up of more than one owner?

Group of answer choices

True

False

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Question 41

2pts

Partners owe each other fiduciary duties?

Group of answer choices

True

False

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Question 42

2pts

All partnerships like corporations have unlimited liability?

Group of answer choices

True

False

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Question 43

2pts

LLC unlike sole-propreitorshipshave limited liability?

Group of answer choices

True

False

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Question 44

2pts

Sole-proprietorship and general partnerships have unlimited liability?

Group of answer choices

True

False

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Question 45

2pts

When a partnership ends and only one person continues on with the business, it is still considered a partnership?

Group of answer choices

True

False

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Question 46

2pts

Partners have equal and direct voice in the management of the partnership unless there is an partnership agreement that indicates otherwise?

Group of answer choices

True

False

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Question 47

2pts

Corporations canhaveperpetualexistence?

Group of answer choices

True

False

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Question 48

2pts

Sole proprietorships are required to be incorporated by the state?

Group of answer choices

True

False

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Question 49

2pts

A partnership agreement has similar elements to a contract for example, agreement, legality, capacity?

Group of answer choices

True

False

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Question 50

2pts

As sole proprietorship dissolves automatically upon the death of its owner, but this is not always the case with partnerships, corporations or LLC?

Group of answer choices

True

False