Question
choose the response that provides the best example of a general partnership. a. Andrew operates a jewelry repair shop. Courtney gave Andrew 25000 to open
choose the response that provides the best example of a general partnership. a. Andrew operates a jewelry repair shop. Courtney gave Andrew 25000 to open the business and share in the profits with Andrew. Only Andrew is personally liable for the debts of the business b. Camille and Maria are partners in a graphic design firm and are both personally liable for the debts of the business. Camille invested 45000 in the business while Maria contributed the design software computer system and paid for drafting equipment. they both share in the profits of the business. c. Graciela owns Food Fast a food delivery business. She operates the business and is personally liable for its debts. She has two employees Arthur and Matthew. Graciela offered each of them the option to buy a 10% share of the business and they both exercised the option. They will be entitled to a share of the business profits and will be responsible for business debts up to the amount of their initial investment d. Zach and Eduardo operate a second hand clothing together. Zach contributed the building in which the store operates manages the business and is personally liable for the debts of the business. Eduardo invested 10000 cash and works in the store several days a week but he is not personally liable for the debts of the business. they both share in the profits of the business
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