In a partnership, the type of partner that is responsible for all claims against the company is called a(n) ________.

Answers

Answer 1

In a partnership, the type of partner that is responsible for all claims against the company is called a(n) GENERAL PARTNER.

A partnership is an agreement between two or more people to oversee the business  and share the profits and debts of the business. In a partnership, all members share in the profits and liabilities. Professionals such as doctors and lawyers often form a limited liability company. There may be a tax advantage for a partnership over a corporation.

1] Active partner / managing partner

Active partner is also known as an external partner. As the name suggests, he is actively engaged in business and business management. He manages the day-to-day business on behalf of all  partners. This means that he acts as an agent for all  other associates on a daily basis and for all day-to-day business of the company.

2] hibernating / dozing partner

This is a partner who does not participate in the day-to-day operations of the associated enterprise, i.e. he does not actively participate in the day-to-day operations of the 'company. However, he is  bound by the actions of all  other partners.

3] Nominal partner

This is a partner with no real or significant interest in the partnership. So, in essence, he just lent his name to the partnership. He will not make any contribution to the capital of the company and therefore will not participate in  profits either. However, the nominal partner will be liable to foreigners and third parties for acts performed by  other partners.

4) Affiliated by estoppel

If a person declares to another that he is a partner in the enterprise, either by his word, by his actions or by his conduct, that partner cannot be denied admit that he is not a partner. This basically means that even if such a person is not a partner, he represents himself as such, and thus becomes an estoppel partner  or partner by standing.

5] Affiliate only in profits

This affiliate will only share in the profits of the business, he will not be responsible for any debts. Even when dealing with a third party, he will only be responsible for any profit acts, he will not share any responsibility.

6] Minor partners

A minor cannot be a partner of a company under contract law. However, one partner may be admitted to the benefits of the partnership if all partners agree. He will share in the profits of the business but his liability for  losses will be limited to his share of the business.

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Related Questions

what kinds of offices where set up in Surat​

Answers

Answer:

Back office in Surat,Gujarat

THE BOOK IS “THE LIGHTING THIEF”

While reading chapter 12, look at important events in
the chapter. Important events could be defined as
moments in which the character makes an important
realization, moments in which the plot changes in some
way, or moments that change the relationship between
two characters.
List what you think are the three most important events
in this chapter and explain why.

Answers

Answer:

is this percy jackson and the lightning theif if so the here are some events

Explanation:

1.They camp out in the middle of the woods where kids like to have parties.

2.They decide to take turns keeping watch through the night. Percy takes the first watch

3. Grover can't sleep. All of the litter and the pollution makes him sad: "This is a terrible time to be a satyr"

4.Grover tells Percy that it's his life's dream to find Pan. He tells Percy about Pan:

"The God of Wild Places disappeared two thousand years ago […] A sailor off the coast of Ephesos heard a mysterious voice crying out from the shore, 'Tell them that the great god Pan has died!' When humans heard the news, they believed it. They've been pillaging Pan's kingdom ever since. But for the satyrs, Pan was our lord and master. He protected us and the wild places of the earth. We refuse to believe that he died."

5.Annabeth realized that there is something weird about this quest: all of the monsters seem to be holding back a bit

6.Percy confesses to Grover that he's only on this trip so that he can get his mom back from Hades, not because he cares about the master bolt or because he cares about helping his dad

Hope this helps!

what is multiple cropping ??​

Answers

Answer:

In agriculture, multiple cropping or multicropping is the practice of growing two or more crops in the same piece of land during one growing season instead of just one crop. When multiple crops are grown simultaneously, this is also known as intercropping.

Explanation:

Hope it is helpful....

Answer:

multiple cropping or multicropping is the practice of growing two or more crops in the same piece of land during one growing season instead of just one crop. When multiple crops are grown simultaneously, this is also known as intercropping.

Eli Whitney's idea of interchangeable parts resulted in ?

Answers

Interchangeable parts, popularized in America when Eli Whitney used them to assemble muskets in the first years of the 19th century, allowed relatively unskilled workers to produce large numbers of weapons quickly and at lower cost, and made repair and replacement of parts infinitely easier.

what is national Unity ? write in short answer .​

Answers

National Unity are coalition government made up of all or most parties in a parliament. They are usually formed in times of war or severe political crisis.

Answer:

National unity is to become together in a nation or from a nation and fight against nation enemies and evils.

How did gaining all this new land from 1800-1850 demonstrate the idea of Manifest Destiny?

Answers

Gaining "all this new land" demonstrated manifest Destiny because, with the acquisition of more land, the US was one step closer to stretching from the Atlantic to the Pacific Ocean.

prepare a slogan against rapid population growth in nepal?​

Answers

Answer:Slogan should reflect the theme of controlling population growth.

Slogan should be divided around two equal halves.

Examples :

More Population - More Problems

Control the Population - Enjoy the nature

Small Family - Happy Family

Reduce the crowd - Have better future

Describe the Atlantic Ocean.

Answers

It’s a body of salt water that covers around 1/5 of earths surface. It has two parts, the North Atlantic Ocean and the south Atlantic Ocean. Hope this helps and have a great day!

How powerful a thank you can be

Plss help at least
500-600 words
ASAP

Answers

Answer:

The two most powerful words you can say in life aren’t what you’d expect.

It’s not “love you” or “I’m sorry”—though those are quite commanding as well. It’s not “me too”—although that is affirming and potent in its own right.

The most impactful thing you can ever say is “thank you.” Yes, really.

Saying “thank you” is a compelling way to wipe the slate clean. Saying “thank you” is a 2-for-1 gift of gratitude and forgiveness all wrapped in one. Saying “thank you” is the turning point between letting go of what’s happened and embracing what’s to come.

Perhaps the biggest reason why saying thanks is extremely powerful is that it is an acknowledgement that you have grown. Even if you might not have enjoyed the process of getting to where you are, it is a hat tip to the role it played in helping to shape you into who you’ve become. “Thank you” says, “I’m happy just the way I am and exactly with how things turned out.” “Thank you” is a form of vulnerability that drives out and defeats shame.Thank you,” then, is a form of self-love—a wave of compassion sent back inward that recognizes the strength it took to overcome the hardships and challenges to get to where you are today. Brick by brick you’ve built a more formidable foundation from which you can appreciate your past and embrace the future. And that House of Strength was built with little bricks of appreciation that say, “thank you.”Being thankful—and truly meaning it—is a shift in energy that attracts new and exciting things into your life because it signals that you’re ready to receive them. Gratitude opens up little doors in your heart that you previously kept locked. And when those doors unlock and open, it’s possible for you to pick and choose your own adventure. It’s possible to start over. It’s possible to pursue any direction your heart can imagine.

“Thank you” is the key to unlocking your true potential. All you have to do is recognize that you’ve had the power within you all alongWhether it’s to the kind cashier at the grocery store, your nightmare former boss or an ex whom you truly loved—”thank you” shows that you recognize the value of a situation or a person in your life. It is a tremendous display of respect because it shows you appreciate that person’s presence. Thus, the expression of “thank you” in this context is ultimately a realization of the oneness of all things. You dignifying another person in this way is also a way to dignify yourself—to become conscious that we are all one in the same.

It’s also an incredibly empowering nod to something bigger, bolder and grander than you could ever imagine. Because it shows that you understand there are forces at play that are beyond your control but that you find beautiful nonetheless.

How did islamic law protect enslaved people?

Answers

Answer:

Islamic law: this allowed slaves to earn their livelihood, otherwise it was the duty of their owners to provide it.

However, he could not be forced to earn money for his masters unless there was some kind of agreement between the two, that is, master and slave. This relationship appears in Islamic jurisprudence.

For research purposes what are you thoughts on this man?

Answers

Answer:

He wants to be a singer.

Explanation:

This creature wants to be world class singer in the future and ruled over the heart of the people through his singing techniques. His style and dressing shows that he wants to be a hip hop singer in the future. He is cool guy and entertains people through his singing so he has good personality and style enough to become a popular singer.

10 brainly points asap

Answers

Answer:

b

Explanation:

The answer to your question is B

The political ideas that have shaped the government of the United States came mostly from England. Before that, these ideas could be traced most directly to

Answers

Answer:

the Roman Empire.

Explanation:

The government of the United States had a similar political branch as the Roman empire. The Roman empire had a lasting legacy in political aspects such as government, law, language, etc. Though the United States political ideas came from the United Kingdom they could be traced directly to the Roman empire.

Just like the Roman Republic, the United States has three branches and named Senate after the name of Senate of Rome.

Therefore, the Roman empire is the correct answer.

You borrow $500 from your uncle and after one year he wants $520 back from you. What is the rate of interest your uncle is charging on the money you borrowed?

Answers

Answer: He charged 4% interest

How did the geography of the Italian Peninsula make the region important for trade?
A It was protected by large mountain ranges that were difficult to cross.
B It was connected to the Arabian Peninsula by a land route.
C It was located on the southern end of Europe.
D It was bordered by water on three sides.

Answers

Answer:

Im going to say D

Explanation:

Rome's location on the Italian peninsula, and the Tiber River, provided access to trade routes on the Mediterranean Sea. As a result, trade was an important part of life in ancient Rome. ... Later, the Roman armies used these same routes to conquer large amounts of territory and expand the empire along the Mediterranean.

Hopes this help

Answer:

It was bordered by water on three sides.

Explanation:

I got it right

How does Bartolome' de las Casas describes the Native Americans

Answers

Explanation:

Although the Catholic church would have awarded sovereign power from over New Land to Slovenia, de Las Casas asserted that the indigenous peoples still owned the ownership rights and liberties with their own labourers. Indians were topics of the Spanish empire, and the regulations of Deity, existence.

Please Help 100 Points

Answers

Answer:

WE NEED MORE INFO DM ME AND I GOT U :)

Explanation:

Answer:

We need more info.

Explanation:

Unanswerable.

PLEASE HELP

A credible Source contains which of the following?

A). pictures and ideas
B). facts and evidence
C). thoughts and feelings
D). opinions and persuasion​

Answers

B. And can I pls have brainliest

Answer:

B is the answer

Explanation:

help me please!!!!!!!​

Answers

Answer:

8777 and 15788

Explanation:

because 10×7=70, and 7 is in tens place. 10×8=80, and 8 Is also in tens place.

Answer:

Your answers will be D (8,777) and C (15,788)

Explanation:

Hope this helps

Have a good day   :)

a specific form of a gene that provides instructions for making a particular protein molecule is called:

A. Gene version
B. Variation
C. Feature
D. Gene

Answers

Answer:

A. Gene molecule.

Explanation:

The question was A specific form of a gene that provides instructions for making a particular protein molecule is called

A gene molecule Is used as an Instruction for making a protein molecule. Hence the answer is A. Gene molecule

what is a current situation where people feel powerless and ignored?

Answers

Answer: in situations in which people have limited choices, they should seek power.

Explanation:

which two materials allow some light to pass through?

Answers

Answer:

Materials that allow light to pass through are

Liquid substances Gaseous subtances

Basically, Materials in liquid and gaseous forms can allow light to pass through

Those objects that allow some light to pass through them are translucent object and include things like frosted glass and wax paper.

I hope it will help you

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plz thank my answer

that the Treaty of Versailles was not fair to Germany and the Central Powers? *​

Answers

Answer:

Explanation:

Treaty of Versailles is mostly fair to Germany. The treaty reduced Germany's army to 100,00 men, airforce was no longer allowed, and only 6 capitals were permitted to have naval ships but no submarines. To me, all of those restrictions were fair.

Explain why our form of government, a republic, requires active citizenship.

Answers

Answer:

Explanation:

Some ways of getting involved are:

-voting (here for the experience, ask yourself if you have the right to vote? does your family vote? your friends?

-participating in political campaigns (do you know anyway that participated in a campaign? You can also do it unofficially, for example even by  about a candidate!)

-belonging to a party - do you know anyone in a political party?

Which country labeled on the map above has a population of 81 million people, the second-highest population in Europe?
A.2
B.3
C.5
D.6

Answers

Answer:

2

Explanation:

The country that is labeled on the map to have a population of 81 million people, is C. 5.

Which nation in Europe has the second highest population?

Germany is known to be the second largest European nation by population thanks to their population of 81 million people.

On the given map, Germany is labeled as country 5 and is located in Central Europe on the right side of France.

Find out more on Europe's population at https://brainly.com/question/17753348.

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Before the addition of certain amendments to the Constitution, who was not allowed to vote?

A) Slaves and women
B) Men who owned property
C) British immigrants
D) Government officials

Answers

If it’s just one answer i think A

hope it helps
A

I hope that helps!

Was the United States of America neutral before the bombing of Pearl Harbor?

Answers

Answer:

Scholars have identified various events as being the first engagement of neutral United States in World War II before the attack on Pearl Harbor. They disagree on which events led to formal entry of the United States into the conflict.

Hope it helps you!!

Dose lack of socialization hurt a child’s physical and emotional development? Explain

Answers

Answer:

yes.

Explanation:

every child craves attention once and awhile. they grow when they interact with other people.

Regarding policy issues:
men favor the death penalty more than women.
All these answers are correct.
women are more likely to believe the country is at risk of another terrorist attack since September 11, 2001
women view health care as more of a priority than men.

Answers

Answer:

yes they do men and women are very different but equal in a sense

what is the term used to describe the period in an individual's life when physical and hormonal changes occur​

Answers

Answer:

Puberty is the name for when your body begins to develop and change. During puberty, your body will grow faster than any other time in your life

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