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S_A_V [24]
3 years ago
8

According to the Uniform Partnership Act, the three key elements of any general partnership are

Business
1 answer:
Anon25 [30]3 years ago
4 0

Answer:

(2) Common ownership, shared profits and losses, and right to participate in managing the operations.

Explanation:

Partnership refers to a mutual agreement between 2 or more individuals agreeing to carry out a business and to share it's profits and losses in an agreed ratio or as per the clauses in partnership deed.

Uniform partnership act regulates partnership agreements in majority of United States. The act also allows remaining partners after dissolution to continue the partnership if majority of them desire to do so.

Under the act, Partnership is characterized by common ownership of assets and liabilities by all partners, sharing of partnership profits and losses and equal rights to participate in managing the operations of the partnership.

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The exchange rate of the currency will reduce because the country the government is making more currency to be available and surplus, by increasing it's purchase. When they is excess currency in the world market, the currency reduces it value. In a world war, or local war, the exchange rate may not actually reduce because, it will be difficult for the country to have enough money to make its currency to be available in the world market.

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If Hazel decides to sell the best ice cream on earth, and intends to establish a strong ethical climate in her organization, dur
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3 years ago
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Volten Inc. is an apparel store. It has separate sections for casual wear, office wear, and party wear. It offers a broad select
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ABC Company has issued $20,000,000 of convertible bonds with a coupon of 5% and a current market value of 120. The conversion pr
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