This topic contains a solution. Click here to go to the answer

Author Question: Partners are responsible for the debts and obligations of the partnership. With respect to ... (Read 39 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
Partners are responsible for the debts and obligations of the partnership. With respect to contracts, each partner is considered to be:
◦ liable only for his or her capital investment should a breach of contract occur.
◦ an agent of the partnership only so that any contract entered into by one partner only binds the partnership entity itself and not the other partners.
◦ a principal of any contract entered into by an employee of the partnership.
◦ the primarily liable party if the partner takes on the role of agent.
◦ an agent of the other partners so that any contract entered into by one partner with respect to the partnership business is binding on them all.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by shofmannx20 on Aug 7, 2021

bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 58% of students answer this correctly




shofmannx20

  • Member
  • Posts: 562
Reply 2 on: Aug 7, 2021
Gracias!


nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

For a complete list of videos, visit our video library