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Author Question: What is the major risk involved in being in a partnership and why is it such a major risk? What ... (Read 45 times)

dmcintosh

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on: Jul 26, 2018
What is the major risk involved in being in a partnership and why is it such a major risk?
 
  What will be an ideal response?

Question 2

Provide an explanation that could be given to a client on why he or she should not build a housing development next to an area that is zoned as C1 or M1.
 
  What will be an ideal response?


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patma1981

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Reply #1 on: Jul 26, 2018
Answer to Question 1

The major risk of being in a partnership is mutual agency, which means every partner is an agent and a principle and they could enter into obligations that bind the other partners without express authority of the other partners. The partners are liable for all obligations undertaken by any of the partners.

Answer to Question 2

Individual answers.


dmcintosh

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Reply 2 on: Jul 26, 2018
Thanks for the timely response, appreciate it

nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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