Radio is a viable medium for business-to-business ads because it can reach business people while in transit to work and during office hours if they have the radio on at work

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

A. A debtor-creditor relationship exists between B and L. B. B and L are not partners as to each other, or third parties. C. B and L have formed a partnership even if they did not intend to. D. If L promises orally to become a partner of B and to transfer real property to the business, the statute of frauds would prohibit enforcement of the promise.

There is a sequential set of steps that leads to a purchase, according to the hierarchy of effects model

Indicate whether the statement is true or false