A partner <u>cannot</u> be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that gave rise to the obligation.
<h3>What is
partnership?</h3>
Partnership arrangements come in many different forms. One type of business where partners may have minimal liability is a partnership where all participants share profits and liabilities equally. Additionally, there is the so-called "silent partner," when one party does not participate in the day-to-day management of the company.
- An agreement between two or more people to manage a business' operations and divide its assets and liabilities is known as a partnership.
- All partners in a general partnership corporation split the company's assets and debts equally.
- Lawyers and other professionals frequently create limited liability partnerships.
A partnership may have tax advantages over a corporation.
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Answer:
Sort by Column B, ZA
Explanation:
The spreadsheet is the software which enables the accountants and business managers to handle complex calculation with ease. Mr.Ibanez has asked students to organize the spreadsheet with names according to descending order. The names are listed in column B. The student should select the area and then click sort option. The dialogue box will appear which will ask to sort according to ascending or descending.
Answer:
present value = $8396.19
Explanation:
given data
cash flow = $10,000
rate r = 6 %
time period t = 3 years
to find out
present value of the note
solution
we get here present value that is expressed as
present value = 
....................1
put here value and we will get present value
present value = 
solve it we get
present value = $8396.19
In the above scenario, Kim is most likely concerned about quality and price of the product to replace the faulty one.
<h3>What is consumers right?</h3>
This is known to be the Right to Choose from any goods and services of one's choice.
Note that there are a different kinds of quality products and services at competitive prices and as such, In the above scenario, Kim is most likely concerned about quality and price of the product to replace the faulty one.
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Answer:
conglomerate
Explanation:
In simple words, A conglomerate refers to the multi-industry corporation, which is a mixture of many enterprises operating within one organizational group in completely different sectors, which can include a holding company and several branches.
The conglomerates are always global and massive. The predominant conglomerates consolidate financial risk through investing in a variety of different industries, although other conglomerates opt to engage in a single sector, like those in mines.
