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Question 12 of 75. Choose the response that provides the best example of a general partnership? Andrew operates a jewelry repair shop. Courtney gave
Question 12 of 75. Choose the response that provides the best example of a general partnership? Andrew operates a jewelry repair shop. Courtney gave Andrew $25,000 to open the business, and shares in the profits with Andrew. Only Andrew is personally liable for the debts of the business. O Camille and Maria are partners in a graphic design firm and are both personally liable for the debts of the business. Camille invested $45,000 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. Graciella 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. Graciella 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. Zach and Eduardo operate a second-hand clothing store 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 $10,000 in cash and works in the store Owadays a week. but he is not personally liable for the debts of the business. They both share in the profits of the business. for follow up
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