A ______ partner has responsibility or liability for losses beyond their investment

In general partnership, have unlimited liabilities. This means their liabilities is not limited to only their investments, hence the term "unlimited liabilities".

General partnership is the most common form of partnership. A general partner has responsibility of the actions of the business and is personally liable for all the business's debts and obligations. In this form of partnership, a partner can be used for the company's debt.

TonieCee TonieCee · Answer 2 · 2020-02-13T10:16:16+01:00

Answer:

The answer is General partner

Explanation:

First of all, let us start by defining what General Partnership is.

A general partnership is a kind of business arrangement whereby two or more individuals come into an agreement to share in all the assets, profits, and financial liabilities of a business they jointly own. In this arrangement, partners agree to Unlimited liability. This means that, in the event of business failure, liabilities are not limited and can be paid for through the seizure of business owner(s) assets.

So therefore, a General Partner enters an agreement to be responsible and liable for business losses beyond their investment.