kebaby410 kebaby410

11-11-2017
Business

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Tom, angela, and peter want to become co-owners of a business enterprise. compare their personal liability for the debts incurred by the enterprise if they organize as

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Erudite1 Erudite1

22-11-2017

If the three friends organised an enterprise under the general partnership agreement, then they will have unlimited personal liability for all the debts incurred during the course of operating the enterprise. This means that, their personal assets are liable to the partnership's obligation.

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