Orlando opened a hot dog stand in Brooklyn which unfortunately did not earn him a profit.He had borrowed $5,000 from the bank to set it up,which had to be repaid to the bank in two days.However,Orlando's friend Bob agreed to partner with him starting the subsequent month.From which of the following sources can the bank recover its $5,000 with interest?
A) Orlando's secondary financer
B) Orlando's savings account
C) Orlando's family
D) Bob, Orlando's prospective business partner
Correct Answer:
Verified
Q3: Jonathan Lopez wants to be his own
Q4: A sole proprietorship cannot be easily transferred
Q5: In a sole proprietorship, the business is
Q7: The sole proprietor has _ liability.
A) zero
Q8: Which of the following is true of
Q13: Which of the following is true of
Q16: The income or loss from a sole
Q17: Which of the following is a major
Q18: _ are the most common form of
Q19: Which of the following is true of
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