Susan and Mark form a general partnership to operate a coffee shop. They do not create a
Question:
Susan and Mark form a general partnership to operate a coffee shop. They do not create a partnership agreement.
Susan can legally hire employees.
a. True
b. False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a True Absent a partnership ag...View the full answer
Answered By
Rodrigo Louie Rey
I started tutoring in college and have been doing it for about eight years now. I enjoy it because I love to help others learn and expand their understanding of the world. I thoroughly enjoy the "ah-ha" moments that my students have. Interests I enjoy hiking, kayaking, and spending time with my family and friends. Ideal Study Location I prefer to tutor in a quiet place so that my students can focus on what they are learning.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Business Law And Strategy
ISBN: 9780077614683
1st Edition
Authors: Sean Melvin, David Orozco, F E Guerra Pujol
Question Posted:
Students also viewed these Social Science questions
-
Susan and Mark form a general partnership to operate a coffee shop. Susan uses her personal funds to purchase coffee beans for the business inventory. The partnership is legally required to...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Susan and Mark form a general partnership. Susan contributes $9,000 as her capital contribution, and Mark contributes $1,000. They do not create a partnership agreement. If the partnership earns...
-
The AND function can be realized by using only n number of NOR gates. The value of nequal to
-
Optic Vision Pty Ltd, a manufacturer of fibre-optic communications equipment, uses a job costing system. Since the production process is heavily automated, manufacturing overhead is applied on the...
-
On a day when the wind is blowing toward the south at 5 m/s, a runner jogs east at 6 m/s. What is the velocity (speed and direction) of the air relative to the runner? speed m/s
-
A company that has 200 employees chooses a committee of 5 to represent employee retirement issues. When the committee is formed, none of the 56 minority employees are selected. (a) Use technology to...
-
During the past week, one of your newly employed payroll associates dropped into your office to ask several questions regarding wage reporting for federal income and social security tax purposes. If...
-
The growth rate for the firm's common stock is 7%. The firm's preferred stock is paying an annual dividend of $5. What is the preferred stock price if the required rate of return is 8%?
-
Mark and Cameron form a general partnership to operate a social media business. Mark hears of an app company that is for sale related to the partnership with Cameron. Mark may legally purchase the...
-
Joe and Tom form a general partnership. If Joe commits a tort while acting on behalf of the business and the liability exceeds the partnership assets, Joe and Tom will assume the liability equally....
-
What does it mean a firm to have a competitive advantage? What gives a firm a competitive advantage?
-
What are the key assumptions of the CAPM?
-
Conceptually, how does an investor choose his or her optimal portfolio?
-
What are indifference curves?
-
What is the difference between the CML and the SML?
-
How are total risk, market risk, and diversifiable risk related?
-
Estimate the time required to heat the center of a 1.5-kg roast in a 163?C over to 77?C. State your assumptions carefully and compare your results with cooking instructions in a standard...
-
The following selected information was taken from Sun Valley Citys general fund statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2019: Revenues:...
-
Kelley Mala was severely burned when his boat exploded after being over-fueled at Crown Bay Marina, Inc., in the United States Virgin Islands. Mala filed a lawsuit in a federal district court against...
-
Go to www.cengagebrain.com, enter the ISBN 9781285428932, and click on Find to locate this textbooks Web site. Then, click on Access Now under Study Tools, and select Chapter 3 at the top. There, you...
-
Sue contracts with Tom to deliver a quantity of computers to Sues Computer Store. They disagree over the amount, the delivery date, the price, and the quality. Sue files a suit against Tom in a state...
-
Describe communication choices at each stage of the speech creation process In the preparation phase of speech creation, you can assume that your personal goals and your goals for your audience will...
-
Matta - Clark said the building from which he created Bingo was last used as a beauty parlor removed to make room for weeds. What do you think he meant by this statement?
-
Thinking about Kolb s learning styles, if you have a group of learners who all prefer to learn using abstract conceptualization and reflective observation, which learning mode should you build into...
Study smarter with the SolutionInn App