ur. 22 Minutes, 15 seconds LAMPI Question Completion Status: QUESTION 12 5 points S PROBLEME Assume the facts stated in PROBLEMS D and above. Adam has always operated as a sole proprietor, but is now thinking of retiring in a few years His ce child, Tom, gradiested from college 3 years 120 and has bou working alongside Adan in managing Whispering Pines and no other apartment complexes owned by Adam. Tomus quickly and has talked to Adam about loss for expanding the bi possibly by finding investors for buying office buildings and other commercial real estate Adam trusts Tom and wants to make sure the business will allow Tot enough flexibility to have his goala QUESTION F.1 (5 pts) What type of business organization do you think would be susted to the needs of Adam and Ton? CHOOSE ONE C) 1.Sole Proprietorships 2. Partnership 2. Limited partnership 4. Corporation QUESTION 13 10 points Sowet QUESTION F-2 (10 pts) Explain you answer to QUESTION F-1 above. Identify specie differences and reasons why you believe one particular type of business organization is best suited to Adam' and Tom Foals For the Loolbar, eres ALT F10 PC) or ALT+EN-F10 Mal). BIVS Paragraph Anal 14px A T XGQ 5 E3E XX32 SWIRUS CAERDY Chu Winow Save and su QUESTION 14 15 points SA 1. three /2 twee of nrnnartu hata that...rakutha Ranth the Tacut de chat what Ali Chok Satie and Sub to save and submit Chick Save All Anders to see all answers inte US Seconds . . @ MEil Tal Question Completion Status: QUESTION 14 15 points List three (3) types of property that are exempt from being taken from the Bankrupt by the Trusted Court I do not expect you to know prece ceilings on value, but I do expect you to identify exempt ist with office picity to constaterede Vaque eranc-wond answers will eam ut few points For the coulba press ALT-TOP ALT-FN+FO Mael BI V S Paragraph Arial 140x X @ Q FEE x x TTT - + - P DWCR POWERED IN THE QUESTION 15 Spolets www PROBLEMA Mike bought a used ca fon Highway Motors fut $20,000. Highway Motors offered dancing, so Mike paid $2.000 down and a financing agent pay off the balance over the next 16 months After one yeu of diligently making paytus, Mike lost his job and stopped making car payments. QUESTION H-1 (5 pts) What are the possible actions that Highway Mutor can take agatst Mike' CHECK ONE ANSWER ONLY 1 Suc Mike for the balance cured 2. Reposscos the car and sell it at a private met Reportes the car and sell it at a public surton 4. 1 and 2 OS and 3. . 2 and 3 1, 2 and 3. points QUESTION 16 Svet Save and Click Sme and submit to see and submit. Click Save All Ansters to serve all uers, ur. 22 Minutes, 15 seconds LAMPI Question Completion Status: QUESTION 12 5 points S PROBLEME Assume the facts stated in PROBLEMS D and above. Adam has always operated as a sole proprietor, but is now thinking of retiring in a few years His ce child, Tom, gradiested from college 3 years 120 and has bou working alongside Adan in managing Whispering Pines and no other apartment complexes owned by Adam. Tomus quickly and has talked to Adam about loss for expanding the bi possibly by finding investors for buying office buildings and other commercial real estate Adam trusts Tom and wants to make sure the business will allow Tot enough flexibility to have his goala QUESTION F.1 (5 pts) What type of business organization do you think would be susted to the needs of Adam and Ton? CHOOSE ONE C) 1.Sole Proprietorships 2. Partnership 2. Limited partnership 4. Corporation QUESTION 13 10 points Sowet QUESTION F-2 (10 pts) Explain you answer to QUESTION F-1 above. Identify specie differences and reasons why you believe one particular type of business organization is best suited to Adam' and Tom Foals For the Loolbar, eres ALT F10 PC) or ALT+EN-F10 Mal). BIVS Paragraph Anal 14px A T XGQ 5 E3E XX32 SWIRUS CAERDY Chu Winow Save and su QUESTION 14 15 points SA 1. three /2 twee of nrnnartu hata that...rakutha Ranth the Tacut de chat what Ali Chok Satie and Sub to save and submit Chick Save All Anders to see all answers inte US Seconds . . @ MEil Tal Question Completion Status: QUESTION 14 15 points List three (3) types of property that are exempt from being taken from the Bankrupt by the Trusted Court I do not expect you to know prece ceilings on value, but I do expect you to identify exempt ist with office picity to constaterede Vaque eranc-wond answers will eam ut few points For the coulba press ALT-TOP ALT-FN+FO Mael BI V S Paragraph Arial 140x X @ Q FEE x x TTT - + - P DWCR POWERED IN THE QUESTION 15 Spolets www PROBLEMA Mike bought a used ca fon Highway Motors fut $20,000. Highway Motors offered dancing, so Mike paid $2.000 down and a financing agent pay off the balance over the next 16 months After one yeu of diligently making paytus, Mike lost his job and stopped making car payments. QUESTION H-1 (5 pts) What are the possible actions that Highway Mutor can take agatst Mike' CHECK ONE ANSWER ONLY 1 Suc Mike for the balance cured 2. Reposscos the car and sell it at a private met Reportes the car and sell it at a public surton 4. 1 and 2 OS and 3. . 2 and 3 1, 2 and 3. points QUESTION 16 Svet Save and Click Sme and submit to see and submit. Click Save All Ansters to serve all uers