Question: Sable and Rex agree while talking on the phone to form a partnership - The Home Source to deal in transfers of real property. To

Sable and Rex agree while talking on the phone to form a partnership-The Home Source to deal in transfers of real property. To be enforceable, their agreement must
A. be registered with the Internal Revenue Service
B. clear enough to answer who will manage the business and how will profits and losses be divided
C. in writing and signed by each of them
D. be registered with the secretary of state in the state they live in
Sable and Rex agree while talking on the phone to form

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 General Management Questions!

Q:

Look at the PewWorkPlay dataset, focusing on the five original variables concerning whether the respondent thought that lacking high-speed Internet at home caused disadvantages: disadv1, disadv2,...

Q:

Sable and Rex agree while talking on the phone to form a partnership - The Home Source - to deal in transfers of real property. To be enforceable, their agreement must Be in writing May be or \ bar (...

Q:

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...

Q:

21. Han and Leia form Millennium Airways a general partnership. The essential elements of this partnership do not include a. Goodwill b. A sharing of profits and losses c. an equal right to...

Q:

Sara and Terry agree while talking on the phone to form a partnership to enter into the business of real property management. To be enforceable under the Statute of Frauds, their agreement must Group...

Q:

Sara and Terry agree while talking on the phone to form a partnership to enter into the business of real property management. To be enforceable under the Statute of Frauds, their agreement must

Q:

3. Mel, an agent for a dress shop, orders one hundred dresses from SAG Manufacturing for the April Sale. There is no specific agreement in the sale contract indicating when title will pass to the...

Q:

True/False 2 pts each 21. The sole proprietor pays only personal income taxes on a sole proprietorships profits but does not have to bear its losses. 22. Every act of a partner in a general...

Q:

Question 4 0.27 pts On dissolution, the creditors of a partnership and the creditors of the individual partners can make claims on the partnership's assets. Group of answer choices True False Flag...

Q:

Question 4 0.27 pts On dissolution, the creditors of a partnership and the creditors of the individual partners can make claims on the partnerships assets. Group of answer choices True False Flag...

Q:

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Q:

Describe a chromatogram and explain what type of information it contains.

Q:

Wilson's Shoe Warehouse, Incorporated, previously called DSW, sells luxurious and fashionable shoes. Its balance sheet, at August 3, 2019 (the first Saturday of the month), contained the following...

Q:

Problem 7-62 Using the Break-Even Equations to Solve for Price and Variable Cost per Unit Solve the following independent problems. Required: 1. Andromeda Companys break-even point is 2,400 units....

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...