Homework Answers
Answer -
Jack and Jill form a partnership. Jack runs the business in New York, while Jill vacations in Hawaii. During the time Jill is away from the business, Jack increases the debts of the business by $20000, then both Jack and Jill are personally liable for the business debt, because in the partnership all partners are personally liable for the business debt.
Hence, Option - (C) is Correct, because this statement is True.
Note - Option - (A), Option - (B) and Option - (D) are incorrect, because all these statement are False.
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4:00 PM / Remaining: 60 min Multiple Choice Question 54 Jack and Jill form a partnership....
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answer each question with an explanation of each answer
please
the rest of question 3
1. Multiple Choice Question 43 The partnership form of business organization a. b. has limited liability. is a separate legal entity. is a common form of organization for service-type businesses. enjoys an unlimited life. c. d. Answer: 2. Multiple Choice Question 48 An advantage of the corporate form of business is that b. it is simple to establish its owner's personal resources are at stake....
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