- CFA Exams
- CFA Level I Exam
- Topic 3. Corporate Issuers
- Learning Module 1. Organizational Forms, Corporate Issuer Features, and Ownership
- Subject 1. Organizational Forms of Businesses
CFA Practice Question
In a partnership, if one partner is unable to pay their share of the business's debts,
B. other partners are fully responsible.
C. that partner is out of the partnership automatically.
A. the partnership will go bankrupt.
B. other partners are fully responsible.
C. that partner is out of the partnership automatically.
Correct Answer: B
All the partners own the business together.
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