Stan and Ann invested their savings in a small pizzaria. They operated the business as a general partnership. After 11 months the business went broke and they closed the business. They tried to pay off their creditors but after liquidating the business they still owed creditors $87,500. Stan and Ann can:
Group of answer choices
Can lose some of their personal assets as a result of the company's financial failure.
Only be liable for the funds they invested in the company
Lose only the total value of the assets actually used to operate the business
Avoid paying any of the outstanding debt as a partnership is considered to be a business entity that is separate and disinct from the prtners who own it
Jerry is a limited partner in Gemco, LP Betty, one of the general partners in the Company, takes a leave of abscence to take care of some personal business. Betty asks Jerry to fill in for her and cover her management duties while she is gone. As a limited partner Jerry:
Group of answer choices
Can fill in as manager whenever necessary as long as it is for a liited time.
Can make managerial decisions as long as they do not involve the payment of money
Can manage the company as long as he gets approval from the other General Manager.
Cannot participate in the management of the Company without losing his limited liability protection.
service is spelled the same in French.
the French use the expression "self-service", which has no French equivalent
Station-service
l'ordre de service
'un grand service'
un service excellent
The words "petrol station" can be translated in French by "station service".
at your service would translate to "a votre service"
Nothing is different
French Kiss
A
This is called the French Service