Question

Yolinda and Wes decide to go into business together as a partnership. As part of their business, they lease a car, with each paying half the monthly expenses. Unfortunately, the business does not make any money. After 2 years, Yolinda decides to leave and take a job with another employer. Wes, on the other hand, decides to make a go of the business. Given this information, which of the following is true?
a. Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.
b. If Yolinda stops making her share of the car expenses, Wes will be liable for Yolinda's share.
c. Because the partnership is no longer in existence, the car lease is null and void.
d. Because Wes received only half of the company's profits, he is only liable for his share of expenses.

Answer 1

Given that one of the partners of the business has left the business, the answer that is correct is the fact that

• Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.

What is a partnership?

This is a business arrangement that is made by two or more persons. The business arrangement has the partners sharing in the liability of the business.

The reason why Yolanda has to stop sharing in the expenses is simply because she is no longer a part of the partnership.

Read more on partnership here: brainly.com/question/25012970