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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.

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Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has ma
lianna [129]

Answer: A. low degree of substitutability.

Explanation:

Substitutability refers to the availability of alternative options to the variable in question. If something is said to be highly substitutable or to have a high degree of substitutability, then that means that it is easily replaceable because it has alternatives. The reverse holds true.

Therefore, Jamie can be said to have a low degree of substitutability because the client wants to deal with only him and if he is removed or unavailable, the company would not be able to deal with the client.

6 0
3 years ago
Britt is a member of an environmental activist organization and has helped organize peaceful protests on campus. She is deeply i
larisa [96]

Answer:

Rebel

Explanation:

Burton Clark and Martin Trow, the two sociologists described about the four types of college subcultures.

1) Collegiate

2) Academic

3) Vocational

4) Rebel

Britt has all the characteristics of Rebel subculture, that is being deeply involved with ideas from the classroom and wider society of art, literature, and politics. They are aggressive nonconformism, and find critical detachment from the college they attend and from its faculty like Britt consider her professors ideas as outdated.

8 0
3 years ago
1.1 Why is trade important to Africa
uysha [10]
It is important because they need money and food and water because they don't have that much.
7 0
3 years ago
At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, what should the monopol
Eduardwww [97]

At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, the monopolist should keep the price at  same level  in order to maximize profits.

For increasing the profits the monopolist should increase the marginal revenue to $8 so that the mr =mc.

Every firm follows the rule of profit maximization. In this rule marginal cost is equal to the marginal revenue and the MR intersects the MC curve the profit will be the maximum at this level.

The marginal cost of production and marginal revenue are the economic measures which are used to determine the amount of output and the price per unit of a product that will maximize profits.

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6 0
2 years ago
In the short run, the quantity of output that firms supply can deviate from the natural rate of output if the actual price level
Iteru [2.4K]

Answer:

1. Rise

2. Reducing

3. Fall below

4. Rises above

Explanation:

1. Sales from catalogues will fall because people will demand less as a result of the catalogue price being higher than the actual price.

2. As the rules of Supply and Demand opine, the Catalogue companies will have to reduce supply in response to a decrease in demand.

3. The natural output quantity will be more than the output supplied.  have attached a graph and a table to show an example using the figures.

4. The short-run quantity of output supplied by firms will rise above the natural rate of output when the actual price level rises above the price level that people expected as shown by the graph.

6 0
3 years ago
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