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

---

Definitions:

Implosion

A process where objects collapse or are crushed inwardly by external pressure, often resulting in sudden and catastrophic failure.

1929

A year marked by the Wall Street Crash, leading to the Great Depression, a period of worldwide economic downturn that began in the United States.

American Foreign Policy

The strategies and decisions through which the United States interacts with other countries and international organizations to protect its national interests.

1920s

A decade marked by major social, economic, and cultural changes in the United States, including the Jazz Age, Prohibition, and significant economic growth.