Multiple Choice
Rachel and Cyndi started a retail business called Zebra Toy Company.The business is operated as a partnership.Under partnership law:
A) Rachel is personally liable for any business contracts entered into by Cyndi.
B) Rachel is personally liable for any business debts, regardless of whether she or Cyndi created the obligation.
C) Rachel is personally liable for any negligent act committed by Cyndi in the scope of the business activity.
D) All the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: To be a close corporation,the business must
Q21: Which of the following transactions would be
Q22: All the business forms listed below have
Q24: The term "S Corporation" comes from:<br>A) the
Q26: Seventy farmers in Morgan County joined together
Q28: To form an LLC,a charter and an
Q29: Filings are required to form and operate
Q30: Compare and contrast the following forms of
Q41: Franchise fees can be costly,but they are
Q43: Generally,a joint venture is a partnership created