Rashmi and Karina Opened a Restaurant in Partnership

question 12

Multiple Choice

Rashmi and Karina opened a restaurant in partnership.Two years later,Karina left the restaurant,and Rashmi discovered that Karina had incurred numerous expenses to their account.These expenses resulted in thousands of dollars' worth of debt for the restaurant.From the following,identify an accurate statement about this situation.

• A)Rashmi doesn't have to worry because,according to law,everyone is responsible for his/her own debts.
• B)Rashmi doesn't have to worry because business creditors will pursue Karina alone since her signature authorized payments.
• C)Business creditors will expect Rashmi to pay at least half the debt since she owns 50% of the business.
• D)Business creditors will expect full payment from Rashmi.

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Definitions:

Oregon

A region located in the Pacific Northwest of the United States, characterized by its varied terrain including woodlands, mountain ranges, agricultural lands, and coastal areas.

Vocational Interest Scales

Tools used to assess individuals' preferences for different types of work environments and activities.

Holland Scale

A theoretical framework used in career counseling to match individuals' preferences, interests, and personality types with compatible career paths.

Oregon

A state in the Pacific Northwest region on the West Coast of the United States.