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Business, 21.03.2020 10:00 KittyLitty
B approached L and proposed they form a partnership to exploit a profitable idea of B’s. L declined, citing the risk of unlimited liability. B then proposed that L lend B $50,000 and that B go into the business as a sole proprietor. L would receive half the profits and the right to veto any of B’s decisions. The debt would have a long-term maturity date to facilitate operation of the business during its development stage. If L accepts the above proposition, the likely result is that:.
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B approached L and proposed they form a partnership to exploit a profitable idea of B’s. L declined,...
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