What are the legal implications of a partner's authority to bind the partnership to contracts and agreements?
Q: Every transaction in business creates a contract (agreement) between the parties. To determine…
A: A contract is an arrangement that establishes a legal obligation or liability between two or more…
Q: How does corporate law regulate the formation and execution of contracts on behalf of a company by…
A: Corporate law, also known as company law or business law, is a branch of legal practice that governs…
Q: Please explain what a noncompetition agreement is. Explain what makes a noncompetition agreement not…
A: A non-compete agreement is a contract wherein an employee promises not to enter into a competition…
Q: The four agree to a formula under which they will price the shares pursuant to granting each other…
A: The objective of the question is to identify the type of restriction on transfer that is being…
Q: The board of directors of Northshore plc decided to make a takeover bid for South Shore plc. After…
A: Fiduciary duties : Directors care about the company and act in the best interests of the company.…
Q: Describe the difference between/among the following terms. May vs shall Equal, substantially equal,…
A: Effective communication is an essential aspect of successful management. In today's fast-paced…
Q: The franchise agreements imposes on the franchisee the responsibility to report to the franchisor a…
A: A franchising is a one of the strategy of distributing products, where franchisee uses franchisor's…
Q: How does the concept of time of the essence impact contract performance?
A: The concept of performance of a contract refers to the fulfillment of the obligations and duties…
Q: Under what circumstances can a partner be expelled from a partnership?
A: The Partnership Act is a legal statute or legislation that governs the formation, operation, and…
Q: Dwayne “the Rock” Johnson, stood outside the door for two hours to prevent Becky from leaving. Ed…
A: Please note that we are not suppose to provide external links as reference in the platform, however…
Q: What is contract? rescission? and what is Homestead exemption? discharge & attachment ? Legal…
A: Contract The contract can be defined as a legally binding document between the define and the…
Q: What are the essential elements of a partnership under the Partnership Act?
A: Partnership Act: A law that governs the formation and operation of partnerships in a particular…
Q: What are covenants not to compete? How do courts decide on the legality of these covenants?
A: In general, a covenant is a binding agreement or promise between two or more parties. The term is…
Q: On Chapter 12, Recognizing Employee Contributions with Pay; define Principal and define Agent. Also,…
A: Employee contributions with pay are essential to be recognized by any company. It helps in knowing…
Q: what are two ways in which the duties of an administrator differ from those of an executor?
A: Executors and adminstrators both are fiducaries, with high degree of power granted by the law. They…
Q: Discuss the 3 three types of legal impossibility in respect to contracts.
A: Contracts are an important component of any commercial transaction because they provide a legal…
Q: What are the rules regarding the expulsion of a partner from the partnership?
A: A partnership is a legal form of business organization where two or more individuals, called…
Q: Partnership agreements often include provisions that excuse partners from liability if they act in…
A: A partnership is a formal arrangement is an agreement between 2 or more business parties where these…
Q: What is the Statute of Frauds and to what type of agreements does it apply?
A: The Statute of Frauds is a legal principle that originated in English common law and has been widely…
Q: 1. Which of the following is an advantage of partnerships? a. Each partner has limited…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: partnership causes it to dissolve
A: The correct answer is Lack of continuity.
Q: If any of the owners decided eventually to sell any or all of their shares and had identified a…
A: The objective of the question is to identify the type of restriction on share transfer that would…
Q: What is meant by Articles of partnership?
A: A partnership can be defined as a business in which more than one individual is involved and all of…
Q: The management’s decision to make a partnership with another company is called:
A: The company's objective will be to increase the profitability of the company. The profits of the…
Q: Provide reaction on discussion below if you agree or disgaree:
A: The enforceability of limitations of liability within contractual agreements is a pivotal aspect of…
Q: When a general partnership is sued, the lawsuits often go after the more wealthy partners, ( a) True…
A: When two or more partners share their business debts and assets are said to be a general partnership…
Q: describe a general partnership business venture that would be interested in becoming involved in.…
A: A business organization refers to a legally recognised entity that is formed for carrying out…
Q: What would you include in an article of partnership agreement?
A: A partnership agreement is an agreement that is formed between two or more people, the minimum is 2…
Q: Which of the It is determined with reference to what is usual busine It is the sole determinant of a…
A: The authority that a person acquires to carry out the responsibilities shouldered to him, within the…
Q: The four agree to a formula under which they will price the shares pursuant to granting each other…
A: The objective of the question is to identify the type of restriction on transfer that is being…
Q: Partnership is born out of contract and not status" . Explain.
A: Partnership refers to formal arrangement by two or more than two persons to manage and to operate a…
Q: What are the different methods of resolving the disputes and the method’s advantages?
A: The different methods of resolving the disputes are as follows: Mediation Arbitration Conciliation…
Q: Why do organzations single source contracts ?
A: A single-source contract is one where the provider is chosen without competitive bidding for the…
Q: Able does not ever want Baker's shares to be transferred to Baker's brother, who has been convicted…
A: The objective of the question is to identify the type of restriction that Able can insist on to…
Q: What are the various categories or classifications of partners outlined in a partnership act?
A: A partnership act is a decision made by two or more people to conduct business and divide profits…
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