List the three principle forms of business ownership in construction and also state the liability limits in each case.

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Answer 1

Question

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

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1. For the foundation shown below: Qapp = 60 kips (Load obtained from structural engineer) 1.5 ft G.W.T. 3 ft Poorly Graded Sand (SP): Ym 115 pcf (above G.W.T.) Ysat 125 pcf (below G.W.T.) c' = 0, ' = 35° K Square footing, 4' x 4' Foundation Dimension Information: 1-ft x 1-ft square concrete column. 1-ft thick "foot" flanges. Yconc=150 pcf *Assume weight of reinforcing steel included in unit weight of concrete. *Assume compacted backfill weighs the same as in-situ soil. Assume this foundation is being designed for a warehouse that had a thorough preliminary soil exploration. Using the general bearing capacity equation: a. Calculate the gross applied bearing pressure, the gross ultimate bearing pressure, and determine if the foundation system is safe using a gross bearing capacity ASD approach. Please include the weight of the foundation, the weight of the backfill soil, and the effect of the uplift pressure caused by the presence of the water table in your bearing capacity…

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Answer 2

Question

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

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00:56

Answer 3

Question

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

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00:56

Answer 4

Question

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

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00:56

Answer 5

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

Answer 6

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

Answer 7

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Answer 8

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.