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SashulF [63]
3 years ago
8

Companies. John, Lesa, and Tabir form a limited liability company. John contributes 60 percent of the capital, and Lesa and Tabi

r each contribute 20 percent. Nothing is decided about how profits will be divided. John assumes that he will be entitled to 60 percent of the profits, in accordance with his contribution. Lesa and Tabir, however, assume that the profits will be divided equally. A dispute over the profits arises, and ultimately a court has to decide the issue. What law will the court apply
Business
1 answer:
noname [10]3 years ago
3 0

Answer: The profits would be shared equally

Explanation: This is because

Since there was no agreement stating how profits would be divided,then the applicable state Limited Liability Company statute will rule. Most LLC statutes states that if members do not specify how profits are to be divided, they will be divided equally. As long as no operating agreement or LLC statute addressed the particular issue, the partnership law applys which also indicates that profits should be divided equally among the owners of a firm unless it was specified otherwise.

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Which of the following is an INCORRECT statement regarding the right to stop delivery of goods in​ transit? A. If the lessee rep
Verizon [17]

Answer:

B. The lessor does not have the right to stop delivery in transit due to the​ lessee's breach of the lease​ agreement; instead, the lessor must deliver the goods to the lessee in spite of the​ breach, and then sue the lessee for damages.

Explanation:

During the transit of goods, if the lessor learns of a breach of the lease agreement, he has every right to stop the delivery of the goods in transit by notifying  the goods carrier or bailee. Since the carrier of the goods reports directly to the lessor, once he receives instructions from the lessor to stop delivery of goods, and he still has sufficient time, the delivery should be stopped.

Once the goods are reclaimed, the lessor can then decide to sue to recover damages. He can also, decide to cancel the contract at that point

7 0
2 years ago
If your investment doubles in 6​ 3/4 years, what approximate annual rate of return would you have​ earned? If you could earn an
Akimi4 [234]

Answer:

annual rate of return  = 10.67 %

time required for investment double = 9.60 years

Explanation:

given data

investment doubles = 6 \frac{3}{4} year

annual rate = 7.50%

solution

we get here annual rate of return by rule no 72 that is

investment doubles = \frac{72}{annual\ return \ rate }     ........1

put here value

annual rate of return = \frac{72}{6\frac{3}{4} }

annual rate of return  = 10.67 %

so time required for investment double by rule 72

time required for double investment = \frac{72}{7.50}

so time required for investment double = 9.60 years

6 0
3 years ago
It’s important that sales forecasts be made
poizon [28]

Answer:

D. Conservatively

Explanation:

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8 0
3 years ago
What term is used to describe buyers, or product users, in an economic system?
jeyben [28]
The term to describe buyers would be consumers
8 0
3 years ago
If a company's formal communication network contains many levels of hierarchy:__________
melomori [17]

If a company's formal communication network contains many levels of hierarchy <u>upward and downward communication tend .</u>

<u></u>

What is formal network of communication?

Formal communication networks are arrangements of connected individuals and systems that use official channels for information exchange and communication.

What are four types of formal communication network?

  • The way that employees communicate with one another within an organization is referred to as a communication network.
  • The wheel network, chain network, circle network, and all-channel network are four examples of various sorts.

Types of formal communication-

  • Memos.
  • Intranet.
  • Meetings.
  • Conferences.
  • Formal One-on-Ones.
  • Bulletin Boards.
  • Handouts.

Learn more about communication network

brainly.com/question/13380314

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6 0
2 years ago
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