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Corporate law partnership practice question

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A partnership is an entity for purposes of:
a. suing and being sued by its creditors
b. employment of its partners
c. owning real property
d. paying federal income taxes

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Solution Summary

This solution looks at the liabilities and properties of a partnership.

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This is a poor question. Both C and A are answers. If you read what I wrote for you below, a partnership can own real and personal property AND can sue and be sued. I think the BETTER answer would be C. If the business were a sole proprietorship, the owner would still be able to sue and be sued, but they would not be able to jointly ...

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