A ____ is a person who has undertaken to operate a business jointly with one or more persons and is a co-owner of the firm.
A. sole proprietor
B. shareholder
C. partner
D. managing partner
Answer: C
You might also like to view...
What is the significance of a debtor's status as debtor in possession?
What will be an ideal response?
?Southern Steel Company contracted to sell steel pipe to the Brighton Drilling Company. The pipe was to be delivered FOB Fargo, North Dakota, on May 1st. On April 1st, Southern sent a special delivery letter to Brighton stating that Southern had decided not to produce the type of steel pipe that Brighton had ordered.
A. ?Under UCC § 2-609, Brighton must in writing demand adequate assurance of due performance before doing anything else. B. ?Under UCC § 2-610, Brighton could allege that Southern's notice was a breach by anticipatory repudiation. C. ?Under UCC § 2-711, Brighton must wait until the time for performance has passed before seeking cover. D. ?Under UCC § 2-711, Brighton must wait until the time for performance has passed before seeking monetary damages for Southern's breach.
An obligation by a third party to pay a tenant’s rent under a lease is known as a(n)
A. attornment. B. sublet. C. guaranty. D. memorandum of lease.
When encryption is used to protect data,
a. it is impossible for anyone other than the creator of the data to access data. b. only those with a secret code can enter the database to access information. c. it cannot be destroyed by a power surge. d. it cannot be accidentally deleted.