Paula Sanford has filed a voluntary petition in bankruptcy. Paula ...

[folubunmi]

Paula Sanford has filed a voluntary petition in bankruptcy. Paula has a job but admits that she is in over her head on credit card debt. The bankruptcy court:
 A) can allow Paula to declare bankruptcy because she has debts.
 B) can allow Paula to declare bankruptcy but Paula may have to go into a Chapter 13 debt adjustment plan.
 C) has no remedies for consumers with only credit card debt.
 D) None of the above

Question 2

Discuss the advantages of a joint venture in a global environment.

[jxjsniuniu]

Answer to Question 1

B

Answer to Question 2

A joint venture is a partnership of existing businesses for a limited time or limited purpose. The advantages are using the expertise, reputation, and efficiency of other - especially local - companies to increase a United States company's business. The joint venture can produce a profitable business synergy for each company participating in it.