Test Bank Partnership & Corporation Diaz TEST BANK
PARNERSHIP & CORPORATION
FR: DIAZ
PARTNERSHIP
1.All present properties are contributed
A. Universal partnership[
B. General partnership
C. Limited partnership
D. None of the above
2. Composed of capitalist and industrial partners
A. Universal partnership
B. General partnership
C. Limited partnership
D. None of the above
3. Partners shall enjoy practically all the profits:
A. Universal partnership[
B. General partnership
C. Limited partnership
D. None of the above
4. They have no voice in the management of partnership affairs:
A. Managing partners
B. Silent partners
C. Both A and B
D. None of the above
5. They have priority if the partnership is insolvent:
A. Separate creditors
B. Partnership creditors
C. Both A and B
D. None of the above
6. May contribute money, property or industry to the common fund:
A. Both general and limited partners
B. Limited partner
C. General partners
D. Capitalist partners