Jim Organized,and Owns and Operates,Jim's Landscaping Service in the Simplest

question 70

Multiple Choice

Jim organized,and owns and operates,Jim's Landscaping Service in the simplest form of business organization.This is

• A)none of the choices.
• B)a limited liability company.
• C)a partnership.
• D)a sole proprietorship.

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Definitions:

Binding Contract

An agreement between parties that is legally enforceable and includes all necessary elements of a contract, such as offer, acceptance, consideration, and mutual intent to be legally bound.

Notice To Quit

A written notification from a landlord to a tenant to leave the premises by a specified date.

Continues Business

Continuation of company operations without interruption or cessation.

Dissociation

The process by which a member's involvement in an entity is terminated, typically in the context of a partnership or limited liability company.