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Author Question: Partners are responsible for the debts and obligations of the partnership. With respect to ... (Read 71 times)

shofmannx20

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on: Aug 7, 2021
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.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by shofmannx20 on Aug 7, 2021

bfulkerson77

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Reply #1 on: Aug 7, 2021
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.
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shofmannx20

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Reply 2 on: Aug 7, 2021
Excellent

nathang24

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

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