Match the most appropriate term to the definition. par value - sole proprietorship - corporation - indefinite life span- ratification - pooling agreement - partnership - limited partnership - personal liability - dissolution

Stated value
Ends automatically at the death of the owner
Continues even through a change of ownership
A characteristic unique to a corporation
A voluntary legal liability from the act of another who acted in the hope the liability would be assumed
Method to obtain strength in ownership decisions
Ends automatically at the death of one of the owners
Requires two types of ownership
Responsibility of owners for debts of business
Selling of assets and payment of creditors