Partnership quiz

Divya works for me in my company, she is being an agent as opposed to an employee

• True

• False

• You never taught this

• what is this Mam

A sole proprietorship is considered to be a separate legal person in law

• True

• False

• wait ? what are you talking about

• Please Mam let us sleep

A partnership is considered to be a separate legal person in law

• True

• False

The sole proprietor has unlimited liability

• True

• False

A partnership can be created only by contract

• True

• False

A limited partnership provides two types of partners, limited partner, and general partner

• True

• False

A limited liability partnership is only open for licensed professionals such as accountants or doctors.

• True

• False

Sole proprietors cannot sell shares

• True

• False

A partnership can be dissolved only by court

• True

• False

A general partner cannot be held liable for losses suffered by a client

• true

• false