Joe Is Deciding Whether or Not to Invest $10,000 in a Business

question 82

Multiple Choice

Joe is deciding whether or not to invest $10,000 in a business that has pending lawsuits against it.If Joe invests and the business loses the lawsuits,the most Joe can lose is

• A) $10,000 if Joe is a general partner.
• B) $10,000 if Joe is a sole proprietor.
• C) $10,000 if Joe is a limited partner.
• D) $10,000 plus his share of the lawsuits if Joe is a limited partner.

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