Which Statement Regarding the Crop-Lien System Is Accurate

question 71

Multiple Choice

Which statement regarding the crop-lien system is accurate?

• A)The system usually allowed tenants to break even.
• B)The system was inefficient, corrupt, and racially unfair.
• C)The system helped make the soil in the South more fertile.
• D)The system helped poor blacks make significant economic gains.
• E)The system largely took place in factories.

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Definitions:

Sole Proprietor

An individual who owns and operates a business by themselves, bearing full responsibility for its debts and legal actions.

Limited Liability

A legal structure where a person's financial responsibility for a company's debts and obligations is restricted to a fixed amount, typically their investment.

Sole Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business.

Undisclosed Principal

A person who is represented in a transaction by an agent but whose identity is not revealed to the third party involved.