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33. LeeAnne is a member of CoolCoffee, LLC, a limited liability company. LeeAnne is liable for CoolCoffe's debts In proportion to her profit derived from

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33. LeeAnne is a member of CoolCoffee, LLC, a limited liability company. LeeAnne is liable for CoolCoffe's debts In proportion to her profit derived from the company a. b. To the extent of her investment in the firm c. To the fall extent d. In proportion to the total number of members 35. Slick Fuels, Inc., and Nukelt Corp form a joint venture to design and test petroleum storage facilities and equipment. When a dispute arises, Slick Fuels files a suit against Nukelt. The court is most likely to apply the same principles to this joint venture as it applies to Sole proprietorships Partnerships c. Limited liability companies d. Corporations a b. 36. Pretty Paintings and Adequate Antiques from a joint venture. When a dispute arises, Pretty Paintings files a suit against Adequate Antiques. The court is most likely to apply the same principle to this joint venture as it applies to Cooperatives a. b Business trusts Joint stock companies partnerships d. 37. Healthy Foods is an incorporated cooperative. Like other incorporated cooperatives, HealthyFoods distributed profits to its owners on the basis of The requirements of the state in which it was incorporated b. Their transactions with the cooperative a. c. The degree to which they participate in management d The amount of capital they contribute 38. Amy, Allison, and Ruthy form a syndicate to buy a professional soccer franchise. This syndicate could be set up as A corporation A limited liability company b A joint venture c. A sole proprietorship d. 39. Ray and other consumers form Farm Veggies Cooperative. This form of business organization makes it possible for these consumers Pay no taxes on their business income b. Pool their resources to gain advantage in the marketplace Obtain an exemption from state laws governing corporations d. Avoid personal liability for the acts of the cooperative a C

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