Question: Can one partner commit another to a business deal without the other's consent? Why and what are the potential ramifications?

Can one partner commit another to a business deal without the other's consent? Why and what are the potential ramifications?

Step by Step Solution

★★★★★

3.52 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Yes a partner can commit another to a business deal with their consent Partners are bo... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1447-L-B-L-E(255).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

Can one partner commit another to a business deal without the others consent? Why and what are the potential ramifications?

Q:

What are the potential ramifications of not utilizing integration management techniques or parallel tasking while planning and implementing a project?

Q:

Explain why one partner cannot commit another to a business deal without the others consent.

Q:

Explain why one partner can commit another to a business deal without the others consent. How does an S corporation differ from a regular corporation? What role do limited partners play in a...

Q:

Explain why one partner cannot commit another to a business deal without the others consent. p-698

Q:

Explain why one partner can commit another to a business deal without the others consent.

Q:

Anticipating the Problem The main idea is to anticipate what problems may arise in any of the relationships [an entrepreneur is involved in] and to be prepared before the problem arises. The biggest...

Q:

5/21/2016 University of Phoenix: Management PRINTED BY: cherylesowell2012@email.phoenix.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without...

Q:

no need explanation just answer asap Mail - Jungyeon Lee - Outlc x My Sprott Shaw - Sprott Sh x In Chapter 7 Study Questions X Homework Help - Q&A from X Homework Help - Q&A from X Dashboard x + X...

Q:

no need explanation just answer asap Mail - Jungyeon Lee - Outlc x My Sprott Shaw - Sprott Sh x In Chapter 7 Study Questions X Homework Help - Q&A from X Homework Help - Q&A from X Dashboard x + X...

Q:

The condensed income statement for the Jerry partnership for 2008 is as follows: Jerry Company Income statement For the year ended December 31, 2008 A cost behavior analysis indicates that 75% of the...

Q:

Problem 2B: This problem is the same as Problem 2A except that there are 16 machines of type M2. Re-work the problem assuming that machines of type M2 can process only C2 items and nothing else, and...

Q:

Interest rate risk. as the time to matunty decreases andincreases; decreases ) decreases; increasesincreases; is unaffectedD ) decreases; decreases increases; increases

Q:

You work in the glass bauble industry, where the equilibrium price and quantityare currently P* = 1 and Q* = 10. You know that, soon, due to a glass shortage, supply will be shifting to the left....

Q:

Explain the dangers of using credit cards to finance the start-up costs of a small business.

Q:

Buzz Price, the location expert who helped Disney and other entrepreneurs find the ideal locations for their businesses, described the location decision in the following way: Guessing is...

Q:

What factors should a manager consider when evaluating a region in which to locate a business? Where are such data available?

Q:

Carl Patterson likes investing in stocks that pay dividends. Carl owns 100 shares of a local utility company. The stock pays a regular annual dividend in the amount of $4.50 per share and the company...

Q:

Write two scnr . next / nt statements to get input values into birthMonth and birthYear. Then write a statement to output the month, a slash, and the year. End with newline. The program will be...

Q:

Carl Patterson likes investing in stocks that pay dividends. Carl owns 45 shares of a local utility company. The stock pay a regular annual divided in the amount of $1.75 per share and the company...