Question: 1.Same partnership. X contributed property to the partnership. In case X is entitled to a return of his contribution, has the right to demand the

1.Same partnership. X contributed property to the partnership. In case X is entitled to a return of his contribution, has the right to demand the return of the same property?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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

Students Have Also Explored These Related Law Questions!

1. Limited Partnership (20 points) 1. X, a limited partner in a partnership with Y and Z as general partners, lawfully received the return of his contribution in the amount of P20,000, the assets of...

Dear tutor, please help me with this one. Please Explain the following. Thank you and God Bless! I will really give a positive rating to those who can help me. Please ty pe your answers here. Do not...

***(a) First, answer the questions squarely (Yes or No); ***(b) Then, explain your position; and ***(c) Finally, cite the article where you based your answers X, a limited partner in a partnership...

Assume the same partnership from the preceding number. X contributed property to the partnership. In case X is entitled to a return of his contribution, has he the right to demand the return of the...

Do the reading assignment and then look up KRS 275.520 and read its text.Then answer the questions below. Fully explain your answers: 1.What is the taxation advantage of a LLC as opposed to a...

1. What is the obligation of a partner who undertakes to deliver a specific property? a. To deliver the property at the time it becomes available b. To warrant the property against possible eviction...

Reviewer for midterms in Law 2 1. What is the obligation of a partner who undertakes to deliver a specific property? a. To deliver the property at the time it becomes available b. To warrant the...

I need help working through this problem. Most of the work I have completed but I need help ensuring that my answers are correct before submitting the assignment. I have attached the problem...

business law2 in the Philippines, answer the following I - MULTIPLE CHOICE QUESTIONS 1. They have priority if the partnership is insolvent: a. Separate creditors c. Both A and B b. Partnership...

I need theanswers and solutions. Please read the following carefully. For each question on the exam, you should assume that: 1. unless expressly stated to the contrary, all events occurred in "the...

1. Select a company (your choice but not a start-up). The company may or may not be in the fashion industry. This is up to the student to decide what company they will select and define. By define I...

Supplier Corp. enters into a government contract in 2020 to provide computer equipment for $1.6 million. The contract consists of a single performance obligation to provide specified equipment in...

In order to motivate my employees, I offered bonuses for everyone who exceeded their monthly sales quots by more than 1 0 % . What type of leadership model am I using here? a . Technical leadership b...

How does modified accrual accounting differ from cash and accrual accounting?

Jagjit Company designs and builds retaining walls for individual customers. On August 1, there were two jobs in process: Job 93 with a beginning balance of $8,750, and Job 94 with a beginning balance...

The following unadjusted trial balance is prepared at fiscal year-end for Foster Products Company. Rent expense and salaries expense are equally divided between selling activities and the general and...

At the beginning of 2013, Bayless Drugstore purchased a new computer system for $64,000. It is expected to have a five-year life and a $4,000 salvage value . Required a. Compute the depreciation for...

Refer to the situation described in P 17-10. Assume Electronic Distribution prepares its financial statements according to International Financial Reporting Standards (IFRS). Also assume that 10% is...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

7. What does it mean when we say that the words we use to denote a situation set limits on the solutions we can create at a later point?

8. Give examples from your own everyday life that the reference point you use has significance for the actions you take.

6. Give examples of when we give a situation a new name, the situation is perceived differently.