Liability means:

A. only certain persons have the right to sue.

B. a business owner has to pay a percentage of any claims against the business.

C. the personal assets of a business owners are protected.

D. the business is immune from lawsuits.

E. the internal Revenue Service.

In a limited partnership the owner who is personally liable is:

A. the limited partner(s)

B. all of the owners are personally liable.

C. none of the owners is personally liable.

D. the general partner(s).

Damien and Paris have a partnership with no written agreement.Damien put in $10,000 to start the business; Paris put in $2500.This year, after expenses, the partnership had a profit of $100,000.Each partner has a right to:

A. Damien has a right to $10,000; Paris has a right to $2,500.

B. a percentage of the profits equal to the percentage of their investment.

C. $50,000

D. The answer can't be determined from the information provided.