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Choose the response that provides the best example of a general partnership. A. Gary operates Jeweler's Touch, a jewelry repair shop. His friend Rachel gave

Choose the response that provides the best example of a general partnership.

A. Gary operates Jeweler's Touch, a jewelry repair shop. His friend Rachel gave him $30,000 to open the business. Rachel shares in the profits, but only Gary is personally liable for the debts of the business.

B.Lori and Pamela both own and operate Art Design, a graphic design firm. They are both personally liable for the debts of the business. Lori invested $50,000 in the business, while Pamela contributed the design software and computer system and paid for drafting equipment. They both share in the profits of the business.

C. Wendy owns Food in a Flash, a food delivery business. She operates the business and is personally liable for its debts. She has two employees, Kevin and Ryan. Wendy offered each of them the option to buy a 10% share of the business, and they both decided to exercise the option. They will be entitled to a share of the business profits, and will also be responsible for business debts up to the amount of their initial investment.

D. William and Amanda both operate Vintage Fashion, a second-hand clothing store. William contributed the building in which the store operates, manages the business, and is personally liable for the debts of the business. Amanda invested $20,000 in cash and works in the store several days a week, but she is not personally liable for the debts of the business. They both share in the profits of the business.

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