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Matisse and Oliver own an antique furniture business. They are in a form of partnership...

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Accounting

Matisse and Oliver own an antique furniture business. They are in a form of partnership where Oliver is only a dormant partner who contributes financially to the business, whereas Matisse actively manages the business and takes care of imports and exports. Matisse and Oliver are bound by an agreement where, unlike Oliver, Matisse is personally responsible for all the debts incurred by the business. In the given scenario, Matisse and Oliver have a
general partnership
limited partnership
limited liability partnership
joint liability partnership
image

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