help! urgent! data analysisWatch
Here is a judgement call question ... i would like to ask how you would dargue for this case?
Should partners of a business be held personally liable for the debts of the business, or should their business activities and debts be kept separate from their personal activities?
John and Jeff formed a partnership and started selling cookies based on a secret recipe they created. After one year of strong sales, Jeff left the company with $30000 cash and was never heard of again. Now, the creditors are requesting payment from John to satisfy a loan Jeff signed. if john can't make the payment from what is left in the business, who will the bank look to for payment...
I do not understand... can please explain?? :'(