In a general partnership: no partner can be held legally responsible for decisions since the partnership itself is a legal entity. each partner is held responsible for an agreement/decision made by any one of the partners. partners can be held responsible only for decisions they make personally. no decision is binding unless all partners agree to it in writing.
1 answer
Question:
In a general partnership: no partner can be held legally responsible for decisions since the partnership itself is a legal entity. each partner is held responsible for an agreement/decision made by any one of the partners. partners can be held responsible only for decisions they make personally. no decision is binding unless all partners agree to it in writing.
Answers
Answer:Each partner is held responsible for an agreement/decision made by any one of the partner.Explanation:Partnership can be defined as a business agreement between two or more individuals. This individuals share ownership of the business and as such are responsible for managing the activities of the company. The profit gotten from the company are shared among the business partners.General partnership is a form of partnership in which all the partners involved contribute significantly to the daily activities of the organization.General partnership is very easy to establish and it does not require any form of taxes on profits generated from the business.
Similar Solved Questions
2 answers
Which way does light bend when traveling from glass to air? A. Toward the normal B. Away from the normal C. It does not bend
Which way does light bend when traveling from glass to air?
A. Toward the normal
B. Away from the normal
C. It does not bend...
1 answer
Ead the passage, then answer the question. “One of the first manufacturing steps is to thoroughly clean the hand-blown glass bulb, both inside and out. Next, the fluorescent chemical coating is placed inside the tube by a spraying process; and the tube is then baked. A coat of aquadag (graphite) is placed on the inner wall of the cone-shaped section; this is later used as a grounded electrode.” Courtesy of www.earlytelevision.org. What type of visual would be best to illustrate this information?
ead the passage, then answer the question.
“One of the first manufacturing steps is to thoroughly clean the hand-blown glass bulb, both inside and out. Next, the fluorescent chemical coating is placed inside the tube by a spraying process; and the tube is then baked. A coat of aquadag (graphite) i...
2 answers
Find the mileage for a car that travels 576 miles on 18 gallons of gas.
Find the mileage for a car that travels 576 miles on 18 gallons of gas....
1 answer
A manufacturing company produces products. The following product information is stored: product name, product ID and quantity on hand. These products are made up of many components. Each component can be supplied by one or more suppliers. The following component information is kept: component ID, name, description, suppliers who supply them, and products in which they are used. Create an ERD to show how you would track this information.Show entity names, primary keys, attributes for each entity,
A manufacturing company produces products. The following product information is stored: product name, product ID and quantity on hand. These products are made up of many components. Each component can be supplied by one or more suppliers. The following component information is kept: component ID, na...
2 answers
What things can you do on MacBook than on any other kind of laptop
What things can you do on MacBook than on any other kind of laptop...
1 answer
At Border Cave, a burial is evidence of possible _______during the pathelolithic age. A)religious writing B)Churches. C)religious beliefs. D)Cave paintings
At Border Cave, a burial is evidence of possible _______during the pathelolithic age. A)religious writing B)Churches. C)religious beliefs. D)Cave paintings...
2 answers
Since 1942 what are American men required to do when they turn 18?
Since 1942 what are American men required to do when they turn 18?...
1 answer
What is the nuclear equation for the alpha decay of 173 Yb?
What is the nuclear equation for the alpha decay of 173 Yb?...
1 answer
7. What do lines 29-32 reveal about the theme of the poem?
7. What do lines 29-32 reveal about the theme of
the poem?...
1 answer
Read the sentences and choose the correct categories of the verb to be used in the sentences. Mrs. Cruz is Puerto Rican and is my teacher. Date and origin Time and relationship Physical and personality characteristics Origin and relationship
Read the sentences and choose the correct categories of the verb to be used in the sentences. Mrs. Cruz is Puerto Rican and is my teacher. Date and origin Time and relationship Physical and personality characteristics Origin and relationship...
1 answer
One of the tents you look at has a base measuring 3 metres long and 250 centimetres wide what is the area of the tent
One of the tents you look at has a base measuring 3 metres long and 250 centimetres wide what is the area of the tent...
1 answer
A box contains 10 purple marbles, 11 green marbles and 7 yellow marbles. if you pick two without looking, what is the probability that one will be green and the other will be yellow
A box contains 10 purple marbles, 11 green marbles and 7 yellow marbles. if you pick two without looking, what is the probability that one will be green and the other will be yellow...
1 answer
Marshall knows that he burns 235 calories by walking for 30 minutes. This week, Marshall walked for 360 minutes. How many calories did Marshall burn by walking this week?
Marshall knows that he burns 235 calories by walking for 30 minutes. This week, Marshall walked for 360 minutes. How many calories did Marshall burn by walking this week?...
1 answer
ROMEO Peace, peace, Mercutio, peace! Thou talk'st of nothing. MERCUTIO True, I talk of dreams, Which are the children of an idle brain, Begot of nothing but vain fantasy, Which is as thin of substance as the air And more inconstant than the wind What kind of dreams is Mercutio describing, especially when he calls them "children of an idle brain"? 1. childish, immature thoughts 0 2. the strange thoughts that come when our minds are at rest O 3: the dreams and hopes of our youth that have long sin
ROMEO
Peace, peace, Mercutio, peace!
Thou talk'st of nothing.
MERCUTIO
True, I talk of dreams,
Which are the children of an idle brain,
Begot of nothing but vain fantasy,
Which is as thin of substance as the air
And more inconstant than the wind
What kind of dreams is Mercutio describing, especially...
1 answer
The Cuban Missile Crisis began in 1962 when which country placed nuclear missiles in Cuba?
The Cuban Missile Crisis began in 1962 when which country placed nuclear missiles in Cuba?...
2 answers
How did WWI impact the economy and society of Texas
How did WWI impact the economy and society of Texas...
1 answer
6. What is the result of multiplying the digit in the hundredths place bythe digit in the ten thousands place in the number below?5,094,437.8161 A.6B.9C.54D.72
6. What is the result of multiplying the digit in the hundredths place bythe digit in the ten thousands place in the number below?5,094,437.8161 A.6B.9C.54D.72...
1 answer
In its study of growth, change, and stability, lifespan development takes a(n) __________ approach.
In its study of growth, change, and stability, lifespan development takes a(n) __________ approach....