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please answer it from business law course. 1. Thanasi has a business snowplowing. He uses a 2018 Ford Rapture with a snowplow outfitted to it.
please answer it from business law course.
1. Thanasi has a business snowplowing. He uses a 2018 Ford Rapture with a snowplow outfitted to it. While plowing a driveway, he negligently ran it into the side of the neighbour's house. The damage to the house and contents is extensive and will likely cost more than $100,000 to fix. His only business asset is his Ford Rapture and his only personal asset is his 2020 Ford Mustang with a V8 engine. In each of the following situations, list the assets which are at risk and explain why. a) His business is run as a sole proprietor. b) His business is run as a corporation. c) His business is run as a partnership with Cameron. Instead of Thanasi driving the Ford Rapture, instead it was Cameron who negligently hit the neighbour's house. Cameron has no assets of his ownStep by Step Solution
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