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
PilotLPTM [1.2K]
3 years ago
11

Dutch, Bill and Heidi were equal partners in a lawn care business. Bill and Heidi wanted to borrow money from the bank to buy mo

re trucks and expand the business. Dutch was dead set agains the idea. When the matter came to a vote, Bill and Heidi voted in favor, Dutch against. Dutch was so annoyed that he told the bank not to lend the money and, further, that he would not be responsible for repaying the loan. The bank loaned the money, the business failed, and the bank sued all three partners. Is Dutch liable for the loan
Business
1 answer:
Alex Ar [27]3 years ago
3 0

Answer:

Yes, because all three were equal partners in the said business and when the decision was to be made, a greater majority (Bill and Heidi) voted in favor of getting the loan.

Dutch also is thus, liable for the said loan. He ought to have opted out of the partnership if he was dead serious and he would have gotten a fair share of dividends from the said partnership and left the duo to work together

You might be interested in
Description of the the target market is formed in the___ part of the business plan
Alexandra [31]

Answer:

Market analysis

Explanation:

A business plan is a document that shows the goals of a business and details the roadmap to achieve them. It has several sections, with each giving specific information about the business.

The market analysis part talks about the target clients. The sections give detailed data on the industry, including competitors, market performance, and prevailing trends. It describes customers in the target industry.

5 0
2 years ago
What important technology has done the most
laiz [17]
The answer is Wireless networks
8 0
3 years ago
Melba purchases land from Adrian. Melba gives Adrian $225,000 in cash and agrees to pay Adrian an additional $400,000 one year l
Scorpion4ik [409]

Answer:

  • Melba's adjusted basis for the land at the Acquisition date is $625000
  • Melba's adjusted basis for the land one year later is $645000

Explanation:

The adjusted basis for a property/land is the net cost of the property after adjusting for factors that might attract tax as related to the land

The adjusted basis for the land at the acquisition date is the net cost of the land at the acquisition date which will be ( $225000 + $400000 ) because that was the net cost of the Land at the date of acquisition before an agreement was later reached by Melba requiring him to pay $400000 plus an interest of 5%

Hence the adjusted basis for the land one year later will be

=  ( $225000 + $400000 ) + 5% of $400000

= ( $625000 ) + $20000

= $645000

6 0
3 years ago
What are doctors paid by in the US and in the UK?
Wewaii [24]
Hope this helped you
5 0
3 years ago
Read 2 more answers
John was a high school teacher earning $ 80000 per year. He quit his job to start his own business in pizza catering. In order t
Bingel [31]
Whats the full question??
6 0
3 years ago
Other questions:
  • Cheizza, a pizza vendor in the country of Wisbane, believes that the taste of fresh cheese in its pizzas is its unique selling p
    8·1 answer
  • 5. Skill Builder
    8·1 answer
  • Difference between bookkeeping and accounting in table​
    7·1 answer
  • Assigning manufacturing overhead to a specific job is complicated by all of the below except:a. Manufacturing overhead is an ind
    7·1 answer
  • 3. Bob's lawn-mowing service is profit maximizing, competitive firm. Bob mows lawns for $27 each. His
    11·1 answer
  • Jill’s Dress Shop had a beginning balance in its inventory account of $40,000. During the accounting period, Jill’s purchased $7
    8·1 answer
  • There are a couple of questions in this:
    11·1 answer
  • A principal purpose of the Securities Exchange Act of 1934 is generally considered to be:
    13·2 answers
  • Wage/price controls allow us to
    9·1 answer
  • Describe the three steps in qualitative data analysis and explain how and why these steps are iterative.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!