3 Horvath would like to open a retail store. After investigation, she finds that she can obtain liability insurance to cover all foreseeable claims against the business. She would also like to minimize organization expenses and "keep the process simple". In this case her BEST option for business organization would be

A General Partnership

B Corporation

C Limited Partnership

D Sole Proprietorship

4 Felegi and MacWilliams open a business with equal ownership and no partnership agreement.Felegi decides to purchase a $50,000 car for the business. MacWilliams objects.In this case, under the Uniform Partnership Act

Question 4 options:

A Both Felegi and MacWilliams are liable for the purchase

B Only MacWilliams is liable for the purchase

C Neither is liable since the UPA does not apply

D Only Felegi is liable for the purchase

5. Grandma Agnelli has decided to start selling her homemade spaghetti sauce to grocery stores.She is concerned about being personally liable for anyone getting sick from her sauce though and also would like to seek investors for her business (but does not want them involved too much).In this case, the BEST option for Grandma would be

A Limited Partnership

B GeneralPartnership

C Sole Proprietorship

D Corporation