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Business, 10.03.2020 22:18 ashleydaya

Peanut allergy. kitty, who had a love of baking, decided to open her own bakery. she decided that she did not need and did not want to pay for a lawyer to advise her on different forms of ownership. She proceeded with little thought, to simply open her business called Kitty' Baking. Bobby came in to order some cookies for his girlfriend, Bitsy, who was highly allergic to peanuts. Bobby told Kitty that he needed some cookies for Bitsy but that Bitsy had allergies to peanuts. Kitty told him not to worry because she would make up a special batch just for him. Kitty told an assistant, Cathy to make several batches of cookies for different customers including Bobby and to leave out the peanuts in Bobby's order. Cathy however forgot the instruction and proceeded to make Bobby's cookies with crushed peanuts. Bobby picked up the cookies an gave one to Bitsy in the car while they were on thier way to a movie in Bobby's new car. Bitsy became violently ill, vomited in Bobby's car and he had to have her stomach pumped. Bobby and Bitsy sought recovery from Kitty. Following the incident involving Bobby an Bitsy, KItty disucssed with her parents her problems with the bakery. Kitty's parents would like to invest in her business and share in any profits, but they do not want to share management responsibilities. Which of the following would be a form of business organization for KItty and her parents such that her parents could invest but not participate in management?

A. Family-based partnership

B. Limited partnership

C. Combined partnership

D. Managed partnership

E. General partnership

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