Jill owns a retail business by herself and was sued by a customer who fell in the store.The customer claimed the business was negligent in caring for its floors.Which statement best describes Jill's potential liability?
A) Jill has no potential liability to the customer.
B) Jill can be held personally liable to the customer since she is the owner.
C) Jill can only be liable to the amount she initially invested in the business.
D) Jill cannot be held personally responsible; the woman's insurance must pay for the claim.
Correct Answer:
Verified
Q21: The term "S Corporation" comes from
A)the Internal
Q23: The corporate form of business
A)was first known
Q26: Which of the following forms of organization
Q27: A court may pierce an LLC's veil
Q29: Charles and Ellen,an unmarried couple,run an ice
Q31: When a partner leaves the partnership,whether it
Q33: James was a partner in a large
Q35: Which of the following would NOT be personally
Q35: The business form that offers the limited
Q36: The advantage to an S corporation is
A)its
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