Fred and alice formed an at will partnership

Assignment Help Business Law and Ethics
Reference no: EM131034270

Fred and Alice formed an at will partnership on January 1, 20XX. There was no formal written agreement. Which of the following is correct under the Uniform Partnership Act?

I. If Fred makes a contract on behalf of the partnership in the regular course of business without first consulting with Alice, the contract is NOT binding on the partnership

II. If Alice dies her heirs will inherit the economic value of her portion of the partnership but will NOT become partners

III. Neither partner can legally withdraw from the partnership without just cause

A. I only. B. II only. C. III only. D. I and II only. E. I, II, and III 

Reference no: EM131034270

Previous Q& A

  What is the risk of getting cancer

If child has same gel positioning as father, would it be likely for the child to get cancer if the father has it? For the children without the mutation, what is the risk of getting cancer?

  How losses would be distributed

Wally and Karen formed a partnership on January 1, 20XX. Their written partnership agreement stated that profits would be distributed in the same proportion as contributions, which were: Wally: $60,000; Karen: $40,000. There was no agreement as to ho..

  Briefly describe an individuals legal alternatives

Briefly describe an individual's legal alternatives when he is positive that his employer has not promoted him because of his national origin. Does the alleged discrimination automatically produce a lawsuit?

  Given the board nature of the licensing obligations

Given the board nature of the licensing obligations imposed on AFSL holders, do you consider this to be reasonable or necessary when the core purpose of licensees is to deliver financial services?

  The division of supervisory between the asx and asic

In your view is the division of supervisory between the ASX and ASIC appropriate? outline who is responsible for what, note if there is any cross over and/or conflict of interest in the current arrangement.

  Running the right play in the right country

Why has eBay become such a successful and diverse online marketplace? Visit the eBay website to help with your answer and check out the many trading categories, specialty sites and other features.  Is eBay's move into the international arena a good l..

  Determine the total entropy change for the mixing process

Determine the total entropy change for the mixing process per unit mass of mixture.

  Outline some of the requisite elements of law of contract

Outline some of the requisite elements of law of contract that make it enforceable.

  What will you advise grant who has come to you

What will you advise Grant who has come to you very distressed and fully expecting to successfully sue Eagle Eye? (NB ignore any possible statute law issues)

  Analyze issues relating to corporate social responsibility

Analyze the issues relating to ethics and corporate social responsibility for an organisation. You also evaluate strategies used by organisations to develop appropriate programs to address ethics and CSR issues.

Reviews

Write a Review

 

Similar Q& A

  Explain the concept of criminal failure to act

Discuss the concept of criminal failure to act. Did Assistant Coach Michael McQuery have a legal or moral duty to intervene in the alleged sexual assault he witnessed

  Each chosen profession will have unique expectations which

each chosen profession will have unique expectations which are important to both employee and employer. professionals

  Describe the the most important contribution

Outline the individual's path to working in the social work field and Describe the the most important contribution(s) of the individual to the field

  What issues exist regarding the hearsay rule

What major cases were involved in the establishment of the hearsay rule? Summarize. What is the rationale behind the rule? Explain. What issues exist regarding the hearsay rule? Explain. What are the 4 main dangers of hearsay? Explain in detail.

  Define and explain religious-based terrorism

Define and explain religious-based terrorism, national or ethnic terrorism, race-based or hate terrorism, narco-terrorism, and cyber-terrorism

  Who is responsible for pursuing the claims

Without determining whether she will prevail on those claims, what will she claim in a court of law? Against whom? Which claims are filed in which court(s)? and who is responsible for pursuing the claims

  Why is the foreign exchange market moving online

What is the primary transaction currency for the foreign exchange market? What are the dominant currencies in the international bond market? Why is the foreign exchange market moving online

  How due process has played a role

Instructions please write the reason  our founding Fathers believe Due Process was so important. How did Due Process relate to John Adams and his defense of the British soldiers after the Boston Massacre? Provide outside research and examples of how ..

  Introduction to operations and supply chain management

Explain the problem faced by Gulf Creative Ideas from an Operations Management point of view. Use the knowledge you acquired in this course and not the words of the case.

  Assume you are a high-ranking official in a law enforcement

as you learned in your readings before interrogating a suspect in police custody the police need to inform the suspect

  What''s robert lucas'' view on business cycle

1.What's Robert Lucas' view on business cycle? Do you agree with his view? Why? 2. Define economic variables that are procyclical, countercyclical or acyclical. Are real wages, GDP, employment procyclical, countercyclical or acyclical? Why?

  Where and how to search for appropriate research materials

This portion of the Application is designed to help you discover where and how to search for appropriate research materials. Here, you are not engaging in a full review of the literature as you might do for a research paper, a KAM, or your final t..

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