Which of the following is true of partnerships?
A) It does not get terminated upon the death of one or more partners.
B) It does not allow one partner to obtain bonding protection against the acts of the other partner(s).
C) It cannot obtain financial resources from more than one person.
D) It does not incur unlimited liability on its partners for the firm's debt.

Question

Quizplus · Accepted Answer

Partnerships allow for bonding protection, which is a security against any dishonest or fraudulent acts by partners. This means partners can obtain bonding to protect the partnership from the wrongful acts of any one partner.

Which of the Following Is True of Partnerships