Person D is the owner of a chain of shoe stores. Person D hired person R as the manager of the store. A written contract was signed between them in which it was mentioned that person R will get a monthly salary plus 20 percent of the total profits. R introduced himself as a partner of D and showed agreement which notified the sharing of profit to the person C. C extended the credit to R. R defaulted. To find: The liability of person D as a partner.

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1.Fatima, a manager for a small technology company, made a vague statement about an upcoming change in a meeting. Many team members were confused by the statement. She assumes that her message was clear and that everyone understood why she mentioned the change and what it means for all parties involved. She does not observe feedback or check for understanding. According to lecture, which misconception best describes her communication choices in this situation? (1 Point) A. Communication just happens B. Meanings are in words C. More communication is better D. One person or event causes something E. None of the above

Answer 1

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 16, Problem 1BS

Summary Introduction

Case summary:Person D is the owner of a chain of shoe stores. Person D hired person R as the manager of the store. A written contract was signed between them in which it was mentioned that person R will get a monthly salary plus 20 percent of the total profits. R introduced himself as a partner of D and showed agreement which notified the sharing of profit to the person C. C extended the credit to R. R defaulted.

To find: The liability of person D as a partner.

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1.Fatima, a manager for a small technology company, made a vague statement about an upcoming change in a meeting. Many team members were confused by the statement. She assumes that her message was clear and that everyone understood why she mentioned the change and what it means for all parties involved. She does not observe feedback or check for understanding. According to lecture, which misconception best describes her communication choices in this situation? (1 Point) A. Communication just happens B. Meanings are in words C. More communication is better D. One person or event causes something E. None of the above

What is frannie Mae's best response to this arguement?

Can BAC enforce the note ? Explain Why or why not .

Answer 2

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 16, Problem 1BS

Summary Introduction

Case summary:Person D is the owner of a chain of shoe stores. Person D hired person R as the manager of the store. A written contract was signed between them in which it was mentioned that person R will get a monthly salary plus 20 percent of the total profits. R introduced himself as a partner of D and showed agreement which notified the sharing of profit to the person C. C extended the credit to R. R defaulted.

To find: The liability of person D as a partner.

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Answer 3

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 16, Problem 1BS

Summary Introduction

Case summary:Person D is the owner of a chain of shoe stores. Person D hired person R as the manager of the store. A written contract was signed between them in which it was mentioned that person R will get a monthly salary plus 20 percent of the total profits. R introduced himself as a partner of D and showed agreement which notified the sharing of profit to the person C. C extended the credit to R. R defaulted.

To find: The liability of person D as a partner.

Expert Solution & Answer

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See solution

Check out sample textbook solution

Answer 4

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 16, Problem 1BS

Summary Introduction