Answered

IDNLearn.com: Your trusted source for finding accurate and reliable answers. Ask your questions and receive reliable, detailed answers from our dedicated community of experts.

Two brokers form a partnership, each with a 50% interest. One is the general managing partner and the other is a sales broker. What type of ownership do the brokers have?

Select one:
a. Tenancy in common.
b. Limited partnership.
c. General partnership.
d. Joint tenancy.

Sagot :

GinnyAnsweridn

Final answer:

The brokers have a general partnership ownership. In this type of ownership, partners share profits and responsibilities.


Explanation:

General partnership is the type of ownership that the brokers have in this scenario. In a general partnership, two or more individuals share ownership of a business, each with a stake in profits and responsibilities. In this case, one partner is the general managing partner, while the other is a sales broker, showcasing a typical arrangement within a general partnership.


Learn more about Types of Business Ownership here:

https://brainly.com/question/41846295


We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Find clear answers at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.