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
mars1129 [50]
3 years ago
14

Four (4) liabilities of incoming and outgoing partners​

Law
1 answer:
Flauer [41]3 years ago
7 0

Answer: The answer is provided below

Explanation:

The four liabilities of incoming and outgoing partners​ are:

1. person who is admitted as a partner to an existing firm apart from a limited partnership or an incorporated limited partnership doesn't by that particular admission alone become liable for anything which is done before the person becomes a partner.

2. A person admitted as a general partner into a limited partnership or an incorporated limited partnership that already exists does not by the admission alone become liable for things done before the individual became a general partner.

3. A partner who retires from a firm other than limited partnership or an incorporated limited partnership doesn't by the retirement alone cease to be liable for the partnership debts and the obligations that were incurred before the retirement of the partner.

4. A partner who retires from a limited partnership or an incorporated limited partnership

doesn't by the retirement alone cease to be liable for the liabilities of the firm that were incurred before the retirement of the partner for which the partner were liable.

You might be interested in
Which approach to law relies on decisions made by judges in previous cases along with statutes and regulations made by legislatu
Reika [66]

Common law relies on decisions made by judges in previous cases along with statutes and regulations made by legislatures.

What is Common law?

  • In law, common law is the body of law formed by judges and comparable quasi-judicial tribunals by virtue of being declared in written decisions.
  • It is also known as judicial precedent, judge-made law, or case law.
  • The fact that "common law" emerges as precedent is its distinguishing feature.
  • In circumstances where the parties differ on the law, a common law court looks to previous precedential decisions of competent courts and synthesizes the principles of those previous cases as applicable to the current facts.
  • If a similar matter has already been decided, the court is usually compelled to follow the reasons employed in the earlier ruling (a principle known as stare decisis).

Therefore, common law relies on decisions made by judges in previous cases along with statutes and regulations made by legislatures.

Know more about common law here:

brainly.com/question/8068423

#SPJ4

3 0
2 years ago
What are total revenues?
frozen [14]

Answer: Total revenue is the total receipts a seller can obtain from selling goods or services to buyers. It can be written as P × Q, which is the price of the goods multiplied by the quantity of the sold goods. Cost received by sellers from buyer by selling number of products is known as TOTAL REVENUE.

Explanation: I hope this helps!

8 0
3 years ago
30 Points ( i have 3 more if you answer all of them you can get 120 points)
SVEN [57.7K]

Answer:

The biggest cost is the country's people

Explanation:

They still continue to fight because the urge to win and to be victorious outweighs the guilt they feel. In their minds, the lives of their people is worth it. It's pure selfishness and greed. In some twisted way, the ends justify the means.

8 0
3 years ago
PLEASE HELP ME!!!!!!!!!!!!
Blababa [14]

Answer:

IM SO SORRY I RLLY NEED THESE POINTS

Explanation:

4 0
3 years ago
Dopamine is___________
Mamont248 [21]

A neurotransmitter linked to pleasure in the brain. playing video games can increase dopamine which makes them so fun. illicit substances like coke can also increase dopamine artificially which make it so addictive.

4 0
4 years ago
Other questions:
  • I am your mother's brother's only brother in law. Who am I?
    15·2 answers
  • Name one basketball player
    13·2 answers
  • Reserchers have ruled out pollution as a potential cause of crime
    7·1 answer
  • What is the definition of Natural Law ?*
    13·1 answer
  • Harry Potter brings a lawsuit against Draco Malfoy in Chestershire, England, for slander, a form of defamation. Potter alleges t
    7·1 answer
  • Why does my teacher giv me so much work?
    9·2 answers
  • A kid running inside the room what is the reference piont​
    11·2 answers
  • What does a single solid white line mean?
    12·2 answers
  • Do you think a position in law enforcement should require a college degree? Is a law enforcement officer better equipped to do t
    11·2 answers
  • A healthcare facility kept the patient overnight without consent to healthcare facility is guilty of what
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!