Mark operates an auto parts shop. The shop has gone out of business, and all assets

Acguy714

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have been sold.? The following debts remain: 1. 10,000 owed to suppliers for merchandise that was sold to customers. 2. $20,000 owed to suppliers for merchandise that was ruined in an unexpected flood. 3. $35,000 owed to a customer who has a final judgment in a product liability suit against the auto parts shop. For which of these debts can Mark be held personally liable?

A) None, they were all business debts.
B) 1 only.
C) 1 and 2 only.
D) 1 and 3 only.
E) 1, 2, and 3.
 
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