A law that permits service of process on a partnership by serving any one of the partners.

A law that permits service of process on a partnership by serving any one of the partners.

• A. Derivative suit
• B. Business risk
• C. Common name statute
• D. Tender offer

Answer: (C)

Service of process on a partnership can be achieved by serving any one of the partners under a common name statute. This reflects that a partnership is carried out by its members, so notice to a partner in charge is notice to the partnership. The common name statute formalizes that by allowing service to be made on any partner, ensuring due process by giving the entity actual knowledge of the lawsuit. Other concepts like derivative suits (shareholders suing on behalf of the corporation) or tender offers (offers to buy shares) do not address how service on a partnership is accomplished, and business risk is not a method of service.

Service of process on a partnership can be achieved by serving any one of the partners under a common name statute. This reflects that a partnership is carried out by its members, so notice to a partner in charge is notice to the partnership. The common name statute formalizes that by allowing service to be made on any partner, ensuring due process by giving the entity actual knowledge of the lawsuit. Other concepts like derivative suits (shareholders suing on behalf of the corporation) or tender offers (offers to buy shares) do not address how service on a partnership is accomplished, and business risk is not a method of service.