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A partnership in which the partners divide profits and management responsibilities and share unlimited personal liability for the partnership's debts is called a ________.
(A) general partnership
(B) limited partnership
(C) limited liability partnership
(D) corporation
(E) limited liability company

Respuesta :

Answer: Option (A) is correct.

Explanation:

General Partnership : It refers to the partnership in which two or more persons  agree to share all of the company's assets, profits and all types of liabilities such as financial and legal liability.

Also, these types of partners agree to unlimited liability means that their personal are liable for any of the partnership's commitment.

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