The Sole Owner of an Unincorporated Business Unable to Pay

question 124

Multiple Choice

The sole owner of an unincorporated business unable to pay its debts

• A)may be sued by the people to whom the business owes money.
• B)may be forced to pay them out of the owner's own bank account.
• C)may be forced to sell the owner's personal property to pay those debts.
• D)All of these responses are correct.

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Definitions:

Emotion

A complex psychological state that involves an experiential, physiological, and behavioral response to a stimulus.

Reflexive Responses

Automatic reactions to certain stimuli that do not involve conscious thought.

Limbic System

Group of structures deep in the brain that function in emotion.

Emotions

Complex psychological states that involve physiological arousal, feelings, cognitive processes, and behavioral reactions.