Which of the Following Would NOT Be Personally Liable for the Debts

question 44

Multiple Choice

Which of the following would NOT be personally liable for the debts of the business?

• A)a sole proprietor
• B)a partner in a general partnership
• C)an S corp shareholder
• D)a partner in a joint venture

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Definitions:

Occurrence

The fact or frequency of something happening; an event or incident.

Fading

The gradual change of the stimulus controlling a response, such that the response eventually occurs to a partially changed or completely new antecedent stimulus.

Stimulus

Any object, event, or factor that elicits or is capable of eliciting a response from a sensory system or an organism.

Controlling

Exercising authority or influence over a situation or individual to dictate or direct outcomes.