Why does the law impose fiduciary obligations on general partners?

Question:

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

Step by Step Answer:

Related Book For book-img-for-question

Business Law Today The Essentials Text and Summarized Cases

ISBN: 978-1305574793

11th edition

Authors: Roger LeRoy Miller

See More Books

Question Posted: Nov 27, 2017 06:31 AM

See More Questions

Why does the law interpret a counteroffer that is a conditional or qualified acceptance as a rejection of the offer and not binding on the parties?
Why does the law of diminishing marginal product imply the law of increasing costs?
Why does the law presume that lawyers and clients cannot negotiate from a position of equal strength, as is the case with most other business negotiations?
A force F = (3.00 N)i + (7.00 N)j + (7.00 N)k acts on a 2.00 kg mobile object that moves from an initial position of di = (3.00 m)i (2.00 m)i + (5.00 m)k to a final position of df = (5.00 m)i +...
An electrical cable, experiencing a uniform volumetric generation q, is half buried in an insulating material while the upper surface is exposed to a convection processes (T, h). (a) Derive the...
Convert the following linear program into standard form: minimize 2x, + 7x2 + X3 subject to X1 X3 7 3x1 + X2 2 24 X2 X3 0 . || AL AL VI
How often should performance appraisals be conducted?
Variance analysis, working backward the Jinwa Corporation sells two brands of wine glasses: Plain and Chic. Jinwa provides the following information for sales in the month of June 2009: All variances...
American Food Services, Incorporated leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2024. The lease agreement for...
Consider again the system of Example 11.7 when we desire that the steady-state error for a ramp input be zero and the roots of the characteristic equation be s = -2 j2 and s = -20.
What might the Sarks have done to avoid this dispute, as well as the loss of their home and their apparently declining business?
What are the characteristics of a limited liability partnership (LLP)?
On your own or in a group, go through this section on theories of learning and list what you consider to be the key components of learning that will be needed in designing and implementing the...
1) The attached figure shows a conceptual design for an infrared astronomical satellite, consisting of an optical telescope assembly and an attached spacecraft bus, which supplies all the non-optical...
Which of the below/following do you think should pay more money for higher education in Texas as costs of colleges/universities continue to increase? Discuss your views with a minimum of two...
Discuss about any new HR initiative in your organization to illustrate applications of multiple SHRM concepts discussed in your course. Your answer should focus on multiple themes discussed during...
Recently, you were hired to become the Athletic Director for a local youth sport organization. Please explain how you envision using the Big Five Personality Traits (i.e., openness to experience,...
For your initial Discussion Board, we will explore the advantages of managing people well. For this discussion, select and respond to two (2) of the questions below: Select a manager from your life...
Why is credit risk analysis an important component of FI risk management? What recent activities by FIs have made the task of credit risk assessment more difficult for both FI managers and regulators?
A company produces earbuds. The revenue from the sale of x units of these earbuds is R = 8x. The cost to produce x units of earbuds is C = 3x + 1500. In what interval will the company at least break...
Raul, David, and Javier immigrated to the United States from Colima, Mexico, to find jobs and help their families. When they learned that a mutual friend, Francisco, planned to travel to Colima, they...
Raul, David, and Javier immigrated to the United States from Colima, Mexico, to find jobs and help their families. When they learned that a mutual friend, Francisco, planned to travel to Colima, they...
Thomas Stafford owned four promissory notes. Payments on the notes were deposited into a bank account in the names of Stafford and his daughter, June Zink, jointly with a note on the account...
Determine the exact solution of the system given below using addition or subtraction of matrices or scalar multiplication 5x - ey + 3x+2y- z = -2 . = 1 0 4x-7y+ 5z =
We need to be able to describe systems to assist with development, to assist with use, and to assist with maintenance. To that end, diagrams provide a concise, semi-formal way of describing a system....
Determine when the parametric curve x = 31261+2 and y = 4t - is concave up.

Why does the law impose fiduciary obligations on general partners?

Question:

Step by Step Answer:

General partners operate partnerships with little input fro...View the full answer

Business Law Today The Essentials Text and Summarized Cases

Students also viewed these Business Law questions