John and Lisa form a partnership to operate a restaurant. Lisa signs a two-year lease on a space for the restaurant without consulting John. Under the legal concept of ________, John and the partnership are responsible for this lease, although it was only signed by Lisa. ANSWER Unselected unlimited liability Unselected mutual agency Unselected limited life Unselected capital accounting Unselected I DON'T KNOW YET submit

Question

02-06-2021
Business

contestada

John and Lisa form a partnership to operate a restaurant. Lisa signs a two-year lease on a space for the restaurant without consulting John. Under the legal concept of ________, John and the partnership are responsible for this lease, although it was only signed by Lisa. ANSWER Unselected unlimited liability Unselected mutual agency Unselected limited life Unselected capital accounting Unselected I DON'T KNOW YET submit

Respuesta :

Otras preguntas

what is the difference between rough ER and smooth ER? what is the ER doing that is different in this case

One angle in a triangle has a measure that is three times as large as the smallest angle. The measure of the third angle is 35 degrees more than that of the s

a company charges $46 for cable TV installation and $21 per month for basic cable service. Write an algebraic expression to represent the total cost of m months

What is 0.03703704 as a fraction

Among members of George Washington's cabinet, __________ had a pessimistic view of human nature and a dread of democratic excess. A. Marshall B. Jefferson C.

Need help drawing a picture to show 9/7

what is an direct object

The absolute value of a fraction

ben has 3 times as many guppies as goldfish. if he has a total of 20 fish, how many guppies does in have

The chief reason given by Woodrow Wilson for requesting a declaration of war against Germany in 1917 was the (A) refusal of Germany to accept the Fourteen Point

anthougo anthougo · Answer 1 · 2021-06-06T04:53:29+02:00

Answer:

John and Lisa form a partnership to operate a restaurant. Lisa signs a two-year lease on a space for the restaurant without consulting John. Under the legal concept of ________, John and the partnership are responsible for this lease, although it was only signed by Lisa.

unlimited liability

Explanation:

The concept of unlimited liability means that business owners are held personally liable for any debt their business might incur. This concept suggests that all involved business partners and the partnership itself are accountable for the full settlement of the debt, including the use of their personal assets when the assets of the partnership are not sufficient.