A ________ is a partnership agreement in which company members hold transferable share while all the goods of the company are in the names of the partners?
A) A business trust
B) A syndicate
C) A joint venture
D) A joint stock company
E) A cooperative

Question

Quizplus · Accepted Answer

A joint stock company is characterized by its structure where members (shareholders) own transferable shares, yet the company's assets are owned collectively by all partners. This allows for a blend of partnership and corporate structures, facilitating both shared ownership and investment flexibility.

A ________ Is a Partnership Agreement in Which Company Members