« previous next »

Author Question: Explain the nature of partnership liabilities.[br][br][b][color=#FBB117]Question ... (Read 69 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 24, 2018
Explain the nature of partnership liabilities.

Question 2

Who does Title VII of the Civil Rights Act of 1991 cover?


bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 24, 2018
Answer to Question 1

Unless their agreement provides otherwise, partners have joint liability on all partnership contractual liabilities and joint and several liable for all torts. If the partnership does not have adequate assets to pay the firm's debts or liabilities, the general partners have individual liability for the full amount of the debts or liabilities. If all the partners but one are insolvent, the remaining solvent partner must pay all the debts. The solvent partner has a right of contribution but may be unable to collect. A partner who withdraws is liable for all partnership debts up to the time of the withdrawal.

Answer to Question 2

Title VII applies to employers, labor unions & employment agencies. It prohibits the refusal or failure to hire any individual, the discharge of any individual, or the discrimination against any individual with respect to compensation, terms, conditions, or privileges of employment because of that individual's race, color, religion, sex, or national origin.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Taken by Hinode's Solar Optical Telescope on January 12, 2007, this image of the Sun reveals th Taken by Hinode's Solar Optical Telescope on January 12, 2007, this image of the Sun reveals th
Divorces are often messy. To settle the question of who gets the house, a couple in Cambodia sawed ... Divorces are often messy. To settle the question of who gets the house, a couple in Cambodia sawed ...
How to solve rate problems leading to fractional equations (Question 3) How to solve rate problems leading to fractional equations (Question 3)
Accounting Question Accounting Question
economic question economic question
economic question economic question
Video: Cardiac Cycle (Part 1 of 4)

For a complete list of videos, visit our video library