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Orlando Opened a Hot Dog Stand in Brooklyn, Doing Business

Question 2

Multiple Choice

Orlando opened a hot dog stand in Brooklyn, doing business as Orlando's Red Hots. Unfortunately, the venture has not generated a profit. Orlando borrowed $5,000 from the bank to open his business, and the short-term loan is now due. Orlando's friend Bob has suggested partnering with him at the beginning of next year. From which of the following sources can the bank currently recover its $5,000?


A) Orlando's secondary lender
B) Orlando's savings account
C) Orlando's family
D) Bob, Orlando's prospective business partner

Correct Answer:

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