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

Explain why one partner can commit another to a business deal without the other’s consent.

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 Small Business Management Questions!

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.

Q:

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

Q:

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

Q:

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

Q:

Can a partner (partnership) commit another partner to a business deal without the other's consent and why?

Q:

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...

Q:

choose the best option for these questions Preston is a successful CEO of a Fortune 500 company (Company B) who is approached by representatives from Company A to run that company. Preston decides on...

Q:

Please read the case, "Hubble Contact Lenses: Data-Driven Direct to Consumer Marketing," (case ID 519011-PDF-ENG) and answer the following questions. Which consumer and technological changes enabled...

Q:

How efficient is Hubble's business? For its computation, please follow the steps below. How many months does an average consumer stay with Hubble once she subscribes to the service? Refer any...

Q:

A bottle of wine you bought 15 years ago for $20 now has a market value of $1,500. Would you sell your bottle at that price or keep it for an important occasion? Would you purchase another bottle of...

Q:

Draw Lewis structures of the species in each step in the conversion of SO2 to H2SO4 discussed on p. 786.

Q:

Which of the following is an integer? Which of the following is an integer? 8 " 8 . 0 " "eight" 8 . 0 " 8 "

Q:

The following article is by N. Gregory Mankiw, First Principles, Fortune, January 24, 2000, p. 36. Discuss the articles assertion. Why Getting Married Still Costs You If a man and woman have similar...

Q:

Outline the factors important when selecting a state in which to locate a business.

Q:

What factors should a seafood processing plant, a beauty shop, and an exclusive jewelry store consider in choosing a location? List factors for each type of business.

Q:

What intangible factors might enter into the entrepreneurs location decision?

Q:

Oriole Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $175,000, has an estimated useful life of 7 years and...

Q:

What amount of money invested today at 2.7% compounded semiannually will have an accumulated value of $677,500 in 4 years from now. Round all answers to two decimal places if necessary. P/Y 2 2.7 PV...

Q:

Sheffield Corp. has 6600 shares of 6%, $50 par value, cumulative preferred stock and 132000 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2019. The board of...