1. Answer the following: a. What is the liability of the partnership for contracts regarding partnership business?...

Fantastic news! We've Found the answer you've been seeking!

Question:

1. Answer the following:

a. What is the liability of the partnership for contracts regarding partnership business?

b. Under the RUPA, what is the liability of the partnership for torts committed while a partner is acting in the ordinary course of partnership business? How does this compare to the liability of a principal under respondent superior? Explain.

2. Matt and Ron would like to form a corporation. Discuss what is required in most states to form a corporation.

Related Book For answer-question

Introduction to Business Law

ISBN: 9780324826999

3rd Edition

Authors: Jeff rey F. Beatty, Susan S. Samuelson

See More Books

Posted Date: May 25, 2018 07:55 AM

See More Questions

What is the liability of Christies in these sales?
What ensures fidelity in protein synthesis? How does this compare with the fidelity of replication and transcription?
What is the liability of Ms. Jackson for any and all claims? What can she do, or what should she have done, to possibly avoid liability? Using her business connections, Ms. Jackson was appointed to...
Suppose that, in an attempt to raise more revenue, Nowhere State University (NSU) increases its tuition. Will this necessarily result in more revenue? Under what conditions will revenue (a) rise, (b)...
What are some of the factors that influence the selection of a specific casting process as a means of making a product?
How has the process of research changed in recent years? How have the changes been both beneficial and detrimental?
In a test of H0: p1 = p2 versus H1: p1 p2, the value of the test statistic is z = 1.21. What do you conclude about the difference p1 p2 at the ???? = 0.05 level of significance?
The electric field at a distance of 0.145 m from the surface of a solid insulating sphere with radius 0.355 m is 1750 N/C. (a) Assuming the sphere's charge is uniformly distributed, what is the...
Clubbing Cathy goes out for a fun night with "Partying" Patty and "Boozing" Betty. Betty drives. Once at Danny's Dive Bar, Betty decides she has to get her drinking done with early, so she downs 10...
1.Identify the three countries with the most favorable collection experience as measured by their receivables turnover ratios. RTR US = RTR Saudi Arabia = RTR UK = 2. Which country appears to have...
Thesis High schools should give students the option to take their courses online By ng more flexibility, online courses woult students with parttime jobs are not at a disadvantage Students would feel...
Go to https://www.ecb.europa.eu/ecb/orga/escb/html/index.en.html. Click on Organization and choose Independence. What is the main argument used to defend the ECBs political independence?
Read the excerpt and answer the following questions. (a) The dispute in this case was between which parties and turned on what legal issue? (b) In resolving this dispute, what common law rule did the...
The New York Fed executes foreign exchange interventions for the Federal Reserve system. Go to https://www.newyorkfed.org/markets/quar_reports.html to see quarterly summaries of the Feds foreign...
Go to Extended Case 23.3, Khulumani v. Barclay National Bank, Ltd., 504 F.3d 254 (2d Cir. 2007), on pages 452 453. Extended Case 23.3 (Khulumani v. Barclay National Bank Ltd.) The plaintiffs in this...
Go to Extended Case 28.2, Overseas Private Investment Corp. v. Kim, 69 A.D.3d 1185, 895 N.Y.S.2d 217 (2010) on pages 551552. Read the excerpt and answer the following questions. (a) The main issue...
Delcom Ltd. specializes in the production of laptop computers. The company has only 9 000 machine hours whereas skilled labour hors for the quarter are limited to 7 500 for the quarter. Fixed costs...
Define the term utility software and give two examples.
From the following particulars, compute: 1. Payback period. 2. Post pay-back profitability and post pay-back profitability index. (a) Cash outflow (b) Annual cash inflow (After tax before...
But if Becker is the sole officer, shareholder, and director, isnt Becker Interiors sort of like a sole proprietorship? So, shouldnt Becker be able to use the money that way?
Does the Magnuson-Moss Warranty Act apply in this case? Is the re-roofing of a home a consumer product under the Act?
1. What kind of a legal claim are these parents making? 2. How does the reasonable person standard apply to a claim of failure to warn?
The area under the standard normal curve to the right of z = 0.51 is 0.6950. What is the area to the left of z = 0.51?
The area under the standard normal curve to the left of z = 1.75 is 0.0401. What is the area to the right of z = 1.75?
The area under the standard normal curve between z = 1.32 and z = 1.82 is 0.0590. What is the area between z = 1.82 and z = 1.32?

1. Answer the following: a. What is the liability of the partnership for contracts regarding partnership business?...

Question:

Expert Answer:

1 a The liability of owners in a sole proprietorship form of business enterprise is limited This mea... View the full answer

Introduction to Business Law

Students also viewed these management leadership questions