In the company may enter into binding legal contract in its own name Select one: True False 6.The maximum number of persons who are legally allowed to operate in a partnership is Select one: c. ..2 b. 100 c. 20 d. No legal limit Whiabilities that do not need to be paid yith in one year or within the entity's operating cycle are called. Select one a. Accounts Pavable b. Long term Liability c Short term liability d. Unearted resues 8. The partnership Alwaleed and Hossain splits profit 14 te Atlant, and 31 to Hussain. There is to provision for losses. The partnership has a met loss OXIR 100,000. What is Hussain share of the loss? Select one a OAIR 50,000 b. Cannot be determined because the loss sharing ratios is not giren COMR 200,000 d. OMR 150.000