[Daria's Bakery] Daria decided to open her own bakery. She decided she did not need a lawyer to advise her on different forms of ownership. Unfortunately, Daria had not paid attention in business law class. She proceeded to simply open her business called Daria's Bakery. Eli told Daria that he wanted to order some cookies for his girlfriend, Kirsten, but that Kirsten had allergies to peanuts. Daria told him not to worry because she would make up a special batch just for him. Daria had hired some assistants because she was so busy. She told an assistant, Kate, to make up several batches of cookies for different customers including Eli and told her to leave out the peanuts in Eli's batch because of the allergy. Kate, however, forgot about the peanut allergy and proceeded to make Eli's cookies with peanuts. Eli picked up the cookies and gave one to Kirsten in the car. Kirsten became violently ill, vomited in Eli's car, and had to have her stomach pumped. Eli and Kirsten sought recovery from Daria who told them that Kirsten's doctor bill and Eli's car cleaning bill were business debts, that the business was new and not making any money at the moment, and that she had no personal liability. Following the incident involving Eli and Kirsten, Daria discussed her problems with the bakery with her parents. Daria's parents would like to invest in her business and share in any profits, but they do not want to share in the management responsibilities.
-Which of the following would be an appropriate form of business organization for Daria and her parents, such that her parents could invest but not participate in management?
A) General partnership
B) Limited partnership
C) Managed partnership
D) Combined partnership
E) Family-Based partnership
Correct Answer:
Verified
Q41: [Tutoring Concerns] André and Sasha want to
Q42: Which of the following statements is true
Q43: Aimee's ice cream is known all across
Q44: A _ is a partnership agreement in
Q45: A(n) _ is an organization formed by
Q47: [Tutoring Concerns] André and Sasha want to
Q48: An example of a syndicate would be:
A)
Q49: Fernando and Juanita have decided to start
Q50: Trampoline Park, Inc. is licensed to sell
Q51: Which of the following is a business
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