Bhat and Cho do business as Data Security, a partnership. In most states, for the purposes of collecting judgments and having accounting performed, this firm would be treated as
A)a combination of individuals.
B)a proprietorship.
C)an independent entity.
D)an aggregate.

Question

Quizplus · Accepted Answer

In most states, partnerships like Data Security are treated as independent entities for the purposes of collecting judgments and having accounting performed. This allows the partnership to be recognized as a separate legal entity from its individual partners, facilitating legal and financial actions directly against the partnership itself.

Bhat and Cho Do Business as Data Security, a Partnership