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 | If a general partnership fails, who is responsible for the debts? | |
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| all of the partners | |
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| What are the money and other valuables that belong to a corporation or partnership called? | |
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| assets | |
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| What is the major difference between a corporation and other kinds of businesses? | |
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| A corporation is a separate entity apart from that of the owners. b. A corporation is not responsible for | |
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