It is shown that an algebra Λ can be lifted with nilpotent Jacobson radical r = r(Λ) and has a generalized matrix unit {eii}I with each ēii in the center of Λ̄ = Λ/r iff Λ is isomorphic to a generalized path algebra with weak relations. Representations of the generalized path algebras are given. As a corollary, Λ is a finite algebra with non-zero unity element over perfect field k (e.g. a field ...