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Author Question: Fred and Carole were trying to create a list of the pros and cons of sole proprietorship, ... (Read 109 times)

sheilaspns

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on: Aug 7, 2021
Fred and Carole were trying to create a list of the pros and cons of sole proprietorship, partnership, and corporation to determine the best structure for carrying on business. Which of the following is true with regard to being a general partner?
◦ A partner is liable for only the amount that he or she invested in the partnership firm.
◦ Retiring from a partnership by giving notice to the partners frees a partner from the liabilities he or she faced while being a partner of the firm.
◦ Every general partner faces limited liability for the debts of the partnership.
◦ Each partner is an agent for every other partner and for the firm itself, so a partner may be liable for the contracts made by an incompetent partner.
◦ A partner is liable to pay from his or her personal assets only when the partner has committed a criminal act.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by sheilaspns on Aug 7, 2021

cegalasso

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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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sheilaspns

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Reply 2 on: Aug 7, 2021
Excellent

kthug

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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