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Chris and paul operate a business in which both have contributed $50,000 to the business's capitalization. chris makes all business decisions and paul made chris sign a partnership agreement saying that paul is only liable for partnership debts up to $50,000.
a. both are general partners
b. chris is a general partner and paul is a limited partner
c. paul is a general partner and chris is a limited partner
d. both are limited partners
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Chris and paul operate a business in which both have contributed $50,000 to the business's capitaliz...
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