Bess and Claude run a dress boutique, with Bess as general partner and Claude as limited partner. If Bess neglects to pay the store’s rent for 3 months and the landlord sues, which of the
Bess and Claude run a dress boutique, with Bess as general partner and Claude as limited partner. If Bess neglects to pay the store’s rent for 3 months and the landlord sues, which of the following consequences can Bess and Claude expect to occur?
Group of answer choices
Claude’s capital contribution and share of undistributed profits will be protected.
Claude stands to lose personal assets such as his personal bank account and his car.
Bess will be potentially personally liable to the landlord for the back rent.
Bess will be potentially personally liable to Claude if the business goes under.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.