1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nimfa-mama [501]
3 years ago
10

Raugust-Mathwig, Inc., a corporation, was the sole general partner of a limited partnership. Calvin Raugust was the major shareh

older of this corporation. The 3 limited partners were Cal-Lee Trust; W.J. Mathwig, Inc.; and W.J. Mathwig, Inc., and Associates. All 3 of the limited partners were valid corporate entities. Although the limited partnership agreement was never executed and a certificate of limited partnership was not filed with the state, the parties opened a bank account and began conducting business.
John Molander, an architect, entered into an agreement with the limited partnership to design a condominium complex and professional office building to be located in Spokane, Washington. The contract was signed on behalf of the limited partnership by its corporate general partner. Molander provided substantial architectural services to the partnership, but neither project was completed because of a lack of financing. Molander sued the limited partnership, its corporate general partner, the corporate limited partners, and Calvin Raugust individually to recover payments allegedly due him. Against whom can Molander recover?
Business
1 answer:
shusha [124]3 years ago
6 0

Answer:

Explanation:

Base on the scenario been described in the question, Molander can only recover against the assets of the limited

partnership and its corporate general and limited partners. He cannot recover against Calvin

Raugust personally. Under limited partnership law, a limited partnership is liable on its own

contracts; in addition, the general partner is individually liable for the debts and obligations of a

limited partnership. Limited partners may be held liable for the obligations of the limited

partnership if the limited partnership has been defectively formed. Otherwise, limited partners’

liability is limited to their capital contribution to the limited partnership.

You might be interested in
The 80/20 principle holds that 20 percent of all customers generate 80 percent of the demand. Although the percentages usually a
myrzilka [38]

Answer: The consumer market segment that is described is the Usage-Rate Segmentation.

Explanation:

This type of consumer market segment is used to determine how much a buyer/consumer uses the product. This put the consumer into a particular category that is used by companies when deciding on their products.

The consumers/customers are put into categories such as the;

  • heavy product users
  • light product users
  • non-users
  • medium product users

Larger companies tend to market towards the heavy product users instead of the other 3 categories.

7 0
3 years ago
The quantity sold in a market will decrease if the government decreases aA. binding price floor in that market.B. binding price
Pavlova-9 [17]

Answer: B

Explanation:

Price ceiling is the highest authorized price that could be charged by sellers for a good.

Prices received by sellers will be reduced if government would bring down authorized price in the market.

5 0
3 years ago
Give a Brief history from subsistence economy to money economy.<br> Please Help ASAP. Please
Rus_ich [418]

Answer:

Explantation to the following question is as follows;

Explanation:

A subsistence economy frequently engages in artisans fisheries, labor-intensive agriculture, and animal grazing. Handmade, basic tools and traditional procedures are used in each of these undertakings. The absence of excess is another feature of subsistence economies.

Money is an economic entity that serves as a universally accepted means of trade in a transactional economy. Money performs the function of lowering transaction costs, namely the twofold coincidence of desires.

5 0
3 years ago
If an investment is producing a return that is equal to the required return, the investment's net present value will be:
harina [27]
The net present value would be zero.

Hope this helped! :)
4 0
3 years ago
Read the sentence. French women influenced Enlightenment intellectuals, government officials, and the wealthy middle class by ho
Musya8 [376]

Answer:

Salon

Explanation:

A salon is a group of personalities beneath one rooftop of an inspirational host, endured partially to tickle one another also slightly to improve the flavor and enhance the learning of the cooperators throughout the communication. Salons in the custom of the French literary including philosophical movements from the 17th and 18th centuries were moved on until as freshly as the 1920s in urban surroundings.

7 0
3 years ago
Other questions:
  • Crystal Lodging recorded $330,000 in revenues, $247,500 in expenses, and $45,000 of dividends for the year. The company began th
    9·1 answer
  • Through it is seen as a last resort, bankruptcy allows a consumer to
    12·1 answer
  • Real gross domestic product _______.a. is a measure of inflation. b. can change from one year to the next even if there is no ch
    13·1 answer
  • Why should countries specialize in producing goods with which they have a comparative advantage rather than an absolute advantag
    15·1 answer
  • A decentralized organizational structure is predicated on a belief that A. decision-making authority should be put in the hands
    12·1 answer
  • Suppose the yield on short-term government securities (perceived to be risk-free) is about 4%. Suppose also that the expected re
    13·1 answer
  • I need help on these please help!!
    8·1 answer
  • __________ fairness refers to the perceived fairness of the process with which a firm handles customer complaints
    13·1 answer
  • Decision Point: International Market Analysis You've done a considerable amount of research and have determined the follöwing Ap
    8·1 answer
  • Convenience goods like Coke are available almost everywhere in the United States. Thus, Coke uses ______ distribution:
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!