Do see some potential sources of disagreement in doing this

Assignment Help Business Law and Ethics
Reference no: EM131265879

Often, as a business operates, the partners bring some of their personal items for use by the partnership so that the partnership does not have to incur the expense of buying these items. These items are then extensively used by the partnership. Over time, do you see some potential sources of disagreement in doing this? What particular problem does this pose when these items are changed or added to in form or character at the expense of the partnership? How important is it that there be some written statement signed by the partners at the time a partner brings a personal asset to the partnership for use in the operation of the business?

Reference no: EM131265879

Questions Cloud

Identify market structure that best characterizes industry : Identify the market structure that best characterizes the industry described in the article. Explain the factors you considered when identifying the market structure for this industry.
Describe the components of a situation analysis : Describe the components of a situation analysis. - Perform a mini-situation analysis on one of the companies listed below by stating one strength, one weakness, one opportunity, and one threat.
Does it contribute to a new understanding of a phenomenon : After the abstract, research proposals generally begin with an introductory section that describes the research problem and establishes its significance. This section answers the following kinds of questions: What exactly do you want to study? Why..
Explain the specific business decision that management made : Explain the specific business decision that management made after computing this value. Analyze how management used the concept of the time value of money principles to make this decision.
Do see some potential sources of disagreement in doing this : Often, as a business operates, the partners bring some of their personal items for use by the partnership so that the partnership does not have to incur the expense of buying these items. These items are then extensively used by the partnership. ..
What amount of gross income must holly report : Holly inherited $10,000 of City of Atlanta bonds in February. In March, she received interest of $500, and in April she sold the bonds at a $200 gain. Holly received $300 of interest on bonds issued by the City of Quebec, Canada. What amount, if any,..
Perform an augmented dickey fuller test : Perform an Augmented Dickey Fuller (ADF) test to determine whether the series (in natural logarithmic form) are stationary or non-stationary. Explain this test very carefully.
What should be the kw rating of the motor : If the overall efficiency of the motor generator set is 74%, what is the efficiency of the motor?
Organization competitive advantage : Discuss and provide examples of best practices an organization can implement to leverage diversity in areas such as group management, recruiting, hiring, retention, and development practices to increase an organization's competitive advantage.

Reviews

Write a Review

 

Business Law and Ethics Questions & Answers

  Estimate the various areas of the criminal justice system

Compare and evaluate the various areas of the criminal justice system and security by addressing the following: The objectives of and the challenges facing various federal, state, and local law enforcement agencies

  Major places that offer open market

As a result of recent political changes, Myanmar becomes one of the major places that offer open market. So, there are a number of foreign entrepreneurs willing to co-operate with local business in order to invest in Myanmar. And also, there are s..

  Direct discrimination of a customer or work colleague

What is considered ‘direct discrimination' of a customer or work colleague? What is considered ‘indirect discrimination' of a customer of work colleague

  You are a member of a police review board investigating a

you are a member of a police review board investigating a case for internal affairs. as a group select a case

  Identify what you believe to be one of the biggest

choose an area of the criminal justice system and1.identify what you believe to be one of the biggest challenges a

  Concept of freedom of contract

Discuss the extent to which, and the ways in which, the courts and parliament have eroded  the concept of 'freedom of contract' with reference to relevant case and statute law

  Janice applied for a job at king industriesnbsp she found

janice applied for a job at king industries.nbsp she found out from her friend that she was turned down for a job which

  Description of how crime is related to addiction

Include the following in your presentation: The characteristics of addiction and substance abuse and A description of how crime is related to addiction

  Contract between campbell and the wentzes

What were the terms of the contract between Campbell and the Wentzes? Did the Wentzes perform under the contract

  Explain thunderbird and night train express

Explain Thunderbird and Night Train Express- A Role Playing Exercise and This group thinks it is a terrible idea to take the wine off the shelves because it will hurt their businesses and families

  Locke strongest reasons for defending that relationship

What, according to Locke, is the proper relationship between religion and government? What are Locke's strongest reasons for defending that relationship

  What legal tests were applied

What provision of the law was at issue? Briefly state the facts of the case. What legal tests were applied? Were there any unusual elements in the case

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd