Ludo, Amlie and Noah are three chef friends who operate a home cooking business together in the

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

Question:

Ludo, Amlie and Noah are three chef friends who operate a home cooking business together in the form of a SENC. The partnership contract contains a clause which excludes Noah from sharing debts. The operation is unfortunately in deficit and the company owes its creditors $150,000. However, she has assets of $60,000.

Please indicate who and for what amounts the creditors will be able to request reimbursement of the $150,000 and explain why?

Posted Date: May 06, 2024 02:16 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Answer each question thoroughly, read over each problem, discuss the pros and cons of each option, and select the best option including your justification. CommunityHospital is a 200-bed care...
The following inventory information is available for Ricci Manufacturing Corporation for the year ended December 31, 2017: Beginning Ending Inventories: Raw materials Work in process Finished goods...
Explain the difference between replacement sampling and non replacement sampling. Which method do auditors usually follow? Why?
Cyclone Transportation is a medium-sized truckload carrier based in Ohio, United States. You are a procurement manager of this company, whose main responsibility is the procurement of diesel fuel for...
For a mass-spring-damper system under harmonic loading per unit mass $F(t) / m=\cos \omega t \mathrm{ft} / \mathrm{s}^{2}$, solve for the response amplitude for the case where $k=$ \(20...
Midlands Inc. had a bad year in 2016. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 80,000 units of product: net...
Choose a market that has been impacted by the Russia-Ukraine and Israel-Palestine War, or pandemic and the subsequent supply chain delays and disruptions because of those events. Find a current...
1. Design the electrical circuits to realize the following differential equation with zero initial condition. dy(t) dt 2. Determiner where the filter is the low pass filter of high pass filter and...
What is battery, and how does it differ from assault?
Carjacking combines elements of what two offenses?
Compare and contrast kidnapping and false imprisonment.
Compare and contrast harassment and stalking.
Provide an example of a noncriminal homicide.
Watch the movie See what I am saying and write a paper about deaf people.
Given that all the choices are true, which one concludes the paragraph with a precise and detailed description that relates to the main topic of the essay? A. NO CHANGE B. Decades, X-ray C. Decades...
The right-angle bar rotates clockwise with an angular velocity which is decreasing at the rate of $4 \mathrm{rad} / \mathrm{s}^{2}$. Write the vector expressions for the velocity and acceleration...
A wheel of radius $r$ rolls on a flat surface without slipping. Determine the angular motion of the wheel in terms of the linear motion of its center $O$. Also determine the acceleration of a...
The load $L$ is being hoisted by the pulley-and-cable arrangement shown. Each cable is wrapped securely around its respective pulley so it does not slip. The two pulleys to which $L$ is attached...

Ludo, Amlie and Noah are three chef friends who operate a home cooking business together in the

Question:

Expert Answer:

Heres how the creditors can request reimbursement of the 150000 debt Noah Because SENCs Socit en nom ... View the full answer

Students also viewed these law questions