Minnie Octaves, a well-known opera singer, was a limited partner in Octaves and Clark, a limited partnership.
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Minnie Octaves, a well-known opera singer, was a limited partner in “Octaves and Clark, a limited partnership.” The Florida real estate development concern’s only project was the construction and management of Octaves Upper Scale, a residential retirement complex for senior citizens. When the partnership approached a group of local banks for an expansion loan, it did not mention that Octaves was just a limited partner. The loan was for $1.5 million and is now in default. Can the banks collect what is due from Octaves’ personal fortune?
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The banks can attempt to collect the money from Octaves personal property by seizing it and selling ...View the full answer
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Labindao Antoque
I graduated in 2018 with a Bachelor of Science degree in Psychology from Dalubhasaan ng Lungsod ng San Pablo. I tutored students in classes and out of classes. I use a variety of strategies to tutor students that include: lecture, discussions about the subject matter, problem solving examples using the principles of the subject matter being discussed in class , homework assignments that are directed towards reinforcing what we learn in class , and detailed practice problems help students to master a concept. I also do thorough research on Internet resources or textbooks so that I know what students need to learn in order to master what is being taught in class .
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