General partnership to publish all star study guide

Assignment Help Financial Management

Reference no: EM131579271

Scott, Marge, and Marcus formed a general partnership to publish All Star Study Guide to 403. While still compiling the book, Scott decided he had better things to do and decided to leave the partnership. The partnership had incurred a $10,000 debt from Redwood Paper Company before Scott left and incurred an additional $5,000 debt from Redwood after Scott left.

a. Scott will only be liable for amount of money he contributed to the partnership.

b. As long as the partnership published notice in the newspaper, Scott is only liable for $10,000.

c. If Redwood received actual notice from the partnership, then Scott is only liable for $10,000.

d. Scott will be liable for the whole $15,000.

Reference no: EM131579271

Questions Cloud

How scientists learn about past global temperatures : Some people you know say they don't believe that the climate is changing. After completing this week's readings, how would you respond?

Questions at the end of the seb latvia case study : The three questions at the end of the SEB Latvia Case Study 10-1 on page 232 and the three questions at the end of the Crowdsourcing Case Study 10-2.

What should lands co report as other comprehensive income : Landis Co purchased $1,000,000 of 8%, What should Lands co report as other comprehensive income and as separate component of stockholder's equity

What is the minimum number of new bridges : What is the minimum number of new bridges that would have to be built in K¨onigsberg and where could they be built in order to give a graph.

General partnership to publish all star study guide : Scott, Marge, and Marcus formed a general partnership to publish All Star Study Guide to 403.

The link between cost and quality in healthcare : The link between cost and quality in healthcare. Cite at least two studies conducted in the past five years supporting your response.

Are there any full binary trees on even number of vertices : A binary tree is a full binary tree if each vertex has either two nonempty children or two empty children (a vertex with two empty children is called a leaf.)

Considering to provide is sensitive in nature : Should you have any concerns that the information that you are considering to provide is sensitive in nature, then please do not submit that information.)

How did politics shape the outcome in unexpected ways : Once the budget has been prepared by the various agencies, How did politics shape the outcome in unexpected ways

User Account

All Pages