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Corporate law partnership practice question

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

Solution Preview

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 ...

Solution Summary

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