This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain the dissolution of a partnership on the basis of futility.[br][br][b][color=#7BCCB5]Question ... (Read 48 times)

ericka1

  • Hero Member
  • *****
  • Posts: 544
on: Jun 24, 2018
Explain the dissolution of a partnership on the basis of futility.

Question 2

The Equal Pay Act's coverage is similar to that of the Fair Labor Standards Act.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 24, 2018
Answer to Question 1

If a business partnership clearly cannot achieve a profit, a court may decree dissolution. One partner cannot compel the other members to assume continued losses after the success of the business becomes highly improbable, and further operation appears futile. However, a temporarily unprofitable operation does not justify dissolution. A court will issue a decree of dissolution only when the objective reasonably appears impossible to attain.

Answer to Question 2

TRUE


ericka1

  • Member
  • Posts: 544
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

A Splash of Color in a Frozen World of White A Splash of Color in a Frozen World of White
The Basis of Ethical Principles for Massage Therapists The Basis of Ethical Principles for Massage Therapists
this is a math question this is a math question
economic question economic question
economic question economic question
Mathematics Question Mathematics Question
Video: Interview with Person having Obsessive Compulsive Disorder

For a complete list of videos, visit our video library