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docker41 [41]
3 years ago
5

Adrian and Fran operate their computer tech support company "Best Techs," as an S corporation, file the appropriate incorporatio

n and registration paperwork with the Secretary of State's office, hold shareholders' meetings to elect a board of directors, hold board of directors' meetings to appoint corporate officers, and maintain all corporate documents and other formalities. Bruno, one of their customers, claims that Hemi, Best Techs' employee negligently installed anti-virus software on his business' computers, that all of his office computers were infected with a serious computer virus as a result, and that the damage cost him thousands of dollars to fix. If Bruno sues Best Techs and successfully proves negligence:
A. Adrian and Fran will have limited liability, meaning they might lose their investments in Best Techs but will not lose their personal assets.
B. Adrian and Fran will be personally liable for the debt, meaning they may have to pay the debt from their personal assets.
C. Either Adrian or Fran will have to be personally liable, since at least one of the partners must be a general partner.
D. Only the partners who actively participated in the management of the company on a day-to-day basis will be personally liable.
Business
1 answer:
Dmitry [639]3 years ago
3 0

Answer:

Option A. Adrian and Fran will have limited liability, meaning they might lose their investments in Best Techs but will not lose their personal assets.

Explanation:

The reason is that the organization which is a limited company is responsible for the employee's negligence and as a result the compensation for the negligence would be paid by the company then the Adrian and Fran's investment in that company is affected by the compensation that the company would pay, not their personal assets. The shareholders are not liable for the negligence of the employee but the company is. Hence the maximum loss to the shareholders  Adrian and Fran would be the investment in the company and assets other than this investment will have no impact of this compensation.

So the option A is the correct option.

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lozanna [386]

Payment is a type of annuity that comprises of equal financial flows that happen at regular periods and last forever.

Describe an annuity.

The goal of nationwide annuities is to increase your retirement income. They are long-term agreements with an insurance provider where you put money. You receive income in the form of recurring payments as compensation for your investment.

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4 0
1 year ago
If oligopolists engaged in some sort of collusion, industry output would be _____ and price would be _____ than under perfect co
TEA [102]

Answer:

If oligopolists engaged in some sort of collusion, industry output would be smaller_____ and price would be _higher____ than under perfect competition.

8 0
3 years ago
In a cost reimbursable contract, _____. the contract usually details the quality of the goods or services, the timing needed to
JulsSmile [24]

Answer:

the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost reimbursable contract, etc.

In a cost reimbursable contract, the organization, which is the client agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

This ultimately implies that, a client such as a business organization that enters into a cost reimbursable contract with another party such as a contractor, agrees to pay the contractor an agreed amount of money upon the completion or execution of the contract.

7 0
3 years ago
What are the compromises when crating the constitution
Anettt [7]

Answer:

The three major compromises were the Great Compromise, the Three-Fifths Compromise, and the Electoral College. The Great Compromise settled matters of representation in the federal government.

it should be right if not sorry

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6 0
3 years ago
hen entry barriers into a market are low, firms will tend to earn zero economic profit in the long run because a. profit-seeking
tamaranim1 [39]

Answer:

The correct answer is B

Explanation:

Economic profit is the difference among the revenue received from the sale of the output and the cost of all inputs used and opportunity cost.

Zero economic profit, it is the situation where the firm is earning the same if its resources were employed in the next alternative which is best.

When the entry barriers in the market are low, then the firm will have the tendency of having a zero economic profit in the period of long run, as the profit which is short run will attract the extra suppliers which will result in down in the market price of the product.

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