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

Author Question: What is a limited partnership? How is it similar to a general partnership? How is it different? ... (Read 38 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Aug 3, 2018
What is a limited partnership? How is it similar to a general partnership? How is it different?
 
  What will be an ideal response?

Question 2

Peter loaned his car to his best friend, Jean. Jean, texting while driving, negligently sideswipes the car in the lane next to hers. Peter can be held liable for Jean's negligence under
 
  a. the doctrine of respondeat superior
  b. an automobile consent statute
  c. joint enterprise liability
  d. the family purpose doctrine


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

billybob123

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Aug 3, 2018
Answer to Question 1

A limited partnership is a special form of partnership created by statute. It is similar to a general partnership in that it has one or more general partners who have unlimited liability. It is different from a general partnership in that it has one or more limited partners whose liability is limited to the amount of their respective investments. Limited partners also do not participate in the management of the business as a general rule.

Answer to Question 2

b


lunatika

  • Member
  • Posts: 548
Reply 2 on: Aug 3, 2018
Great answer, keep it coming :)

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
A general hospital A general hospital
Sample Exercise Program for Limited Older Adults (cont.) Sample Exercise Program for Limited Older Adults (cont.)
Mediator as a bridge between gene-specific regulatory factors and the general transcription Mediator as a bridge between gene-specific regulatory factors and the general transcription
People who share genes will often have similar body weights People who share genes will often have similar body weights
General Components of a Reflex Arc General Components of a Reflex Arc
Video: Brain Lobes Animation

For a complete list of videos, visit our video library