Noah and Orin do business as Pest Control Partners. In most states, for the purposes of suing and being sued, Pest Control Partners would be treated as
A. an aggregate of the individual partners.
B. a natural person.
C. an entity.
D. a non-existent party.
Answer: C
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Which of the following statements is FALSE? A receiver
A) has the power to run the business B) can take control of a company's assets and sell them off C) does not have to be appointed by a court D) that sells assets must try to get a reasonable commercial value for them E) can get its power under the terms of a general security agreement
The reasonable person standard is:
a. external and objective. b. external and subjective. c. internal and objective. d. internal and subjective.
A product will probably have a relatively high price
a. if it is hard to find b. if its supply is high c. if it has been on the market for a long time d. if it has many features and options.
_______ refers to the money needed by an organization.
A. Assets B. Labour C. Capital D. Managerial acumen E. Structure