Suppose you form a legal partnership with your best friend, and she purchases consulting services calling for a $100,000 fee

ECONOMICS

Multiple Choice

Suppose you form a legal partnership with your best friend, and she purchases consulting services calling for a $100,000 fee. Your business is broke, and you never wanted the consultants to work for you -- only your partner did. For how much of this debt are you legally liable?

a.none of it

b.all of the $100,000

c.the proportion reflected by the proportion of the business owned

d.only an amount equal to the assets of the business

e.$50,000

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