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 67 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 :)

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

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

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

General structure of a plant cell General structure of a plant cell
Dissimilar organisms with similar approaches to desert living. Dissimilar organisms with similar approaches to desert living.
GI endoscopy. (a) Similar to other forms of GI endoscopy, laparoscopy involves the insertion of a sp GI endoscopy. (a) Similar to other forms of GI endoscopy, laparoscopy involves the insertion of a sp
First-pass effect: (a) drugs are absorbed; (b) drugs enter hepatic portal circulation and go directl First-pass effect: (a) drugs are absorbed; (b) drugs enter hepatic portal circulation and go directl
According to this Democratic cartoon, the only qualification of General Zachary Taylor, the Whig can According to this Democratic cartoon, the only qualification of General Zachary Taylor, the Whig can
A general model of the sensorimotor system. Notice its hierarchical structure, functional ... A general model of the sensorimotor system. Notice its hierarchical structure, functional ...
Video: Wound Care

For a complete list of videos, visit our video library