Question $69$

$1\mathrm{.}43$ pts

Fern and Grover wish to combine their professional accountancy practices into a single firm that combines the pass$-$through tax status and other advantages of a partnership with limits to the personal liability of the partners. The appropriate business organization for this enterprise is most likely

a limited liability partnership.

a family limited liability partnership.

a limited liability company.

a limited liability limited partnership.

Question $70$

$1\mathrm{.}43pts$

Beth and Connie do business as Dig Excavators. In acting on the firm's behalf, Beth makes an honest error in underestimating the cost of a certain project. In this situation, to her firm, Beth is liable for a breach of the duty of

$$ care.

accounting.

loyalty.

none of the choices.