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creativ13 [48]
4 years ago
12

Alan and Ivan opened a kosher delicatessen, Main Court, which failed after barely a year in business. One supplier sued for over

due bills. Alan and Ivan will be liable to the supplier if the Main Court was which of the following types of organizations?
a. S Corporation
b. Limited Liability Partnership (LLP)
c. General Partnership
d. Close Corporation
Social Studies
1 answer:
anastassius [24]4 years ago
3 0

Answer: (C) General partnership

Explanation:

The general partnership is one of the type of business organization that is established by the two and more than two owner. The general partnership is the arrangement of the assets, financial and the profit to the in the structure of the business.

In the business, choosing the partner is one of the important task as it is importance for the organization goals and the values.

The main advantage of the general partnership is that the business partners are not needed to pay the income tax.

Therefore, Option (C) is correct.  

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The correct answer is A) buckskin jackets.

The Native American item that helped the European settlers stay warm in the winter was buckskin jackets.

When the first European settlers from England arrived at Jamestown, Virginia territory in North America in 1607, they did not find it easy to settle in.

Indeed, they needed the help of the Native American Indians to pass the harsh winter conditions of the first year. Not all colonists survived. Many died. Just a few could live.

The Powhatan Indians lent a helping hand to the English colonists. They shared buckskin jackets and other pieces of clothing that were made of animal fur. The Indians also shared food. The Native American Indian tribes were smart enough to store food in the summer to be used in the winter so families could have food to survive.

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