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:

Super-Priority Lien

A lien that takes precedence over all existing liens on a property, ensuring that a particular creditor is paid before any others in the event of a default.

Ace

A term often associated with achieving excellence or a high level of skill in a particular area.

Contractor

A person or corporation that agrees to a contract to supply materials or workforce to execute a service or complete a task.

Lien

A legal right or claim against a property by a creditor to ensure the payment of a debt.