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5 September, 06:54

William, Irene, Jason, Barbara, and Immunographics, Inc. form a partnership for the purposes of developing designs for medical products. This partnership is

a. invalid because a partnership cannot have more than three members

b. valid because corporations can be a partner in a partnership

c. invalid because corporations cannot be a partner in a partnership

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Answers (1)
  1. 5 September, 09:13
    0
    Valid because corporations can be a partner in a partnership

    Explanation:

    A corporation can become a partner in a partnership, because a corporation can do most of the same things as an individual. Corporations, like individuals, can own property and enter into contracts, both things that are necessary to become a partner in a business. Having a corporation as a partner may be advantageous under certain circumstances because corporations have more legal and financial protections for those who run them.
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Home » Business » William, Irene, Jason, Barbara, and Immunographics, Inc. form a partnership for the purposes of developing designs for medical products. This partnership is a. invalid because a partnership cannot have more than three members b.
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