Croutakie seemed like a great idea.Chef Leo Nyami and Sara Rice decided to take advantage of the popularity of shitake mushrooms and create some shitake mushrooms products that could be sold to restaurant patrons and other gourmets through their new company.Nyami and Rice have recently abandoned their business because they could not pay its outstanding business debts.Since Nyami and Rice are both liable for the debts, their business was a(n):
A)general partnership
B)private corporation
C)limited partnership
D)open corporation
E)quasi corporation

Question

Quizplus · Accepted Answer

Nyami and Rice's business was a general partnership because they both were involved in the business and liable for its debts, which is a characteristic of general partnerships.

Croutakie Seemed Like a Great Idea