Marcus Has Decided to Open an Auto-Detailing Business

question 13

Multiple Choice

Marcus has decided to open an auto-detailing business.He will pick up an automobile from the client,take it to his parents' garage,detail it,and return it to the client.If he does all of the work himself and takes no legal steps to form a special organization,which type of business organization,in effect,has he chosen?

• A) A limited-liability company
• B) A partnership
• C) A corporation
• D) A sole proprietorship

Apply ethical principles to analyze and resolve moral dilemmas in healthcare.

Comprehend the implications of not adhering to ethical principles in healthcare scenarios.

Discuss the ethical responsibilities of healthcare professionals in protecting patient rights.

Understand the basic principles and factors involved in climate modeling.

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Definitions:

Equity of Redemption

The right of a debtor to reclaim property that has been used as collateral after the debt obligation has been fully paid.

Hypothecation

The practice of pledging assets as collateral to secure a loan, without transferring ownership of the collateral.

Legal Title

The formal right of ownership of property, recognized and protected by law.

Forecloses

The legal process by which a lender takes possession of a property when the borrower fails to keep up with mortgage payments.