Ben, who runs a livestock breeding business, owes the Circle C Ranch $40,000.Ben agrees to pay the Circle C a percentage of his profits each month until the debt is paid.Because of this agreement, the Circle C is Ben's

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The Circle C Ranch is Ben's creditor because they have lent him money and he owes them a debt. A partner would typically have an ownership stake in the business and be involved in its operations. A sole proprietor is a business that is owned and operated by a single individual. A shareholder typically owns a portion of a corporation and has certain rights and privileges associated with that ownership.

Ben, Who Runs a Livestock Breeding Business, Owes the Circle