Solved

Suppose You Form a Legal Partnership with Your Best Friend

Question 83

Multiple Choice

Suppose you form a legal partnership with your best friend, and she purchases consulting services calling for a $100, 000 fee.Your business is broke, and you never wanted the consultants to work for you -- only your partner did.For how much of this debt are you legally liable?


A) none of it
B) all of the $100, 000
C) the proportion reflected by the proportion of the business owned
D) only an amount equal to the assets of the business
E) $50, 000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions