Brian is the sole proprietor owner of Long Voyage Software, which generates maps for wilderness trips

ECONOMICS

Multiple Choice

Brian is the sole proprietor owner of Long Voyage Software, which generates maps for wilderness trips. He started the business with an initial investment of $80,000. A faulty map caused one customer to get hopelessly lost. After her rescue and recuperation, she sued Long Voyage for $5,000,000. Which of the following is true?

a.The customer can be awarded only $80,000--what the firm has available to pay.

b.The customer can be awarded $5,000,000 but can get only $80,000.

c.The customer can be awarded $5,000,000, but Brian personally won't have to pay more than $80,000.

d.If $5,000,000 is awarded, Brian will have to pay none of it.

e.If $5,000,000 is awarded, Brian is personally responsible for paying all of it.

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