An advantage of the partnership form of business is that each partner's potential loss is limited to that partner's investment in the partnership
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Practical capacity and engineering capacity are synonymous terms
Indicate whether the statement is true or false
Jane tells John that Ann was arrested for stealing a car. The story is entirely false. Ann is not a public figure. Which of the following torts has Jane committed?
a. Slander per se b. Ordinary Slander c. Libel d. None of the above
Operating breakeven analysis deals with:?
A. ?the assets and liabilities recorded in the pro forma balance sheet. B. ?the net cash flows from operating activities recorded in the statement of cash flows. C. ?the noncash items included in operating activities. D. ?the revenues and expenses associated with a firm's normal production and selling operations. E. ?the interest payments to bondholders and the dividend payments to preferred stockholders.
Ron does not make a payment on his car loan for several months. The dealer, Star Auto, repossesses the car by towing it from a public parking lot. Ron sues Star for breach of the peace. Ron will probably
A. prevail, because Ron has not formally defaulted on the car loan. B. prevail, because the car was in a public lot when it was towed. C. not prevail, because the repossession was not a breach of the peace. D. not prevail, because a creditor can repossess property in which it holds an interest if no threats or force are used against a debtor.