Suppose you form a legal partnership with your best friend, and she purchases consulting services calling for a $100, 000 fee.Your business is broke, and you never wanted the consultants to work for you -- only your partner did.For how much of this debt are you legally liable?
A) none of it
B) all of the $100, 000
C) the proportion reflected by the proportion of the business owned
D) only an amount equal to the assets of the business
E) $50, 000
Correct Answer:
Verified
Q74: Which of the following is a disadvantage
Q75: Which of the following would be the
Q76: Which form of business organization is the
Q77: Stockholders share in the profits of a
Q78: In terms of the numbers of firms
Q80: Which of the following is true about
Q81: You are more likely to hire a
Q82: During the Industrial Revolution,
A)technological changes shifted production
Q83: Household production is more likely to occur
Q84: Which form of business organization accounts for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents