A person starting a business can protect their personal assets and keep them separate from their business assets by forming
A) a sole proprietorship
B) a general partnership
C) a corporation
D) a franchise
E) a joint venture
C
You might also like to view...
According to the text, exploratory research can benefit from use of survey of experts and analysis of secondary data
Indicate whether the statement is true or false
In preparing a bank reconciliation, the amount indicated by a credit memo for a note receivable collected by the bank is added to the balance per company's records
Indicate whether the statement is true or false
Juniper Ltd, a manufacturer of jams and jellies, has been sued by Trevor who alleges that
he consumed worms in one of their products and which made him severely ill. Juniper sells all of its products through an independent regional distributor Jellyco. Juniper's manufacturing process entails bottling the jams and jellies when the mixtures are at boiling temperatures and thereafter immediately sealing the containers. It therefore believes that it is impossible that worms could have been in its product when it left the manufacturing plant. Which of the following is its best defence to Trevor's claim? A) That it did not cause the defect in the product B) That it does not know how the defect occurred C) That Jellyco must have caused the defect D) That Trevor did not really suffer an injury E) That it owed no duty of care to Trevor
Al, an accountant, has a tax service and accounting business in Redwood City. He decides to move to Center City, which is 150 miles away and sells his accounting practice to Able and Baker, a CPA firm. In the sale contract, he agrees that he will refrain from practicing accounting anywhere within a 60-mile radius of Redwood City for a period of two years. However, on weekends he returns to his
house in Redwood City, and when clients call him, he meets with them in his home. In this case: a. Al is in violation of the sale agreement, which contained restrictions that would probably be held to be valid. b. the agreement is invalid, because it is an illegal restraint on trade. c. the agreement is illegal, because it is a violation of public policy. d. the two-year provision is likely to be held invalid, because it is too long a period of time.