Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer all 4 parts of the question for an instantaneous like Bee Hive Honey, LLC's members include Chad. For purposes of suing and being

please answer all 4 parts of the question for an instantaneous like
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Bee Hive Honey, LLC's members include Chad. For purposes of suing and being sued, Bee Hive Honey is legally the same as Chad a natural person in the members's family. a legal entity separate and apart from the owners. a non-participating third party. A business entity operated as a sole proprietorship is owned by general partners limited partners members a sole proprietor stockholders A business entity operated as a corporation is owned by general partners limited partners members a sole proprietor stockholders Sally and Kendra own and operate a restaurant together known as "S\&K's". Kendra is the chef and is on the premises at all times it is open. Kendra also does all management of the business. Sally does not participate in the business in any fashion. Sally and Kendra have a formal partnership agreement in which Sally is designated as a limited partner and Kendra is designated as "general partner". Bob visited the restaurant during normal business hours. As he entered the restaurant, Bob slipped in a puddle of pudding dropped on the floor by a waiter. He suffered injuries and was awarded a $100,000 verdict against \( \$ \& K \)amp;K 's. When Bob's attorneys begin looking for ways to collect the $100,000, they can take funds from S\&K's bank account only Kendra's bank account only Sally's bank account only Kendra and SEK's bank accounts only Sally's bank account, Kendra's bank account, and / or S\&k's bank acrotint - whichever accounts the attorneys for Bob choose

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Accounting And Reporting

Authors: Ciaran Connolly

2nd Edition

0903854724, 978-0903854726

More Books

Students also viewed these Accounting questions