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
MariettaO [177]
2 years ago
15

Liability of Limited Partners Union Station As-sociates of New London ( USANL) was a limited part-nership formed under the laws

of Connecticut. Allen M. Schultz, Anderson Nolter Associates, and the Lepton Trust were limited partners. The limited partners did not take part in the management of the partnership. The National Railroad Passenger Association ( NRPA) entered into an agreement to lease part of a railroad facility from USANL. NRPA sued USANL for allegedly breaching the lease and also named the limited partners as defendants. Are the limited partners liable?
Business
1 answer:
dexar [7]2 years ago
3 0

Answer:

The limited partners are not liable for breaching the lease agreement.

Explanation:

Therefore, the Lepton Trust should not be named as defendants because they are limited partners.  According to the D.C.Code § 41-207, limited partners cannot only become liable like other general partners when they are involved in the management of the partnership.  The facts of this case stated clearly that they "did not take part in the partnership's management."  This categorically proves that the Lepton Trust are not proper defendants in the case.

You might be interested in
What is investment firms?
Anvisha [2.4K]

Answer:

An investment firm or fund is a partnership, trust or corporation that “pools” money from shareholders and invests it in the appropriate security instruments and multiply investment money.

3 0
3 years ago
The assessed value for your buyer clients' new purchase is $209,000. They feel they got a great deal since they're purchasing th
svlad2 [7]

Answer:

Monthly tax amount = $90.57 (Approx)

Explanation:

Given:

Purchase value = $209,000

Rate = 0.52%

Find:

Monthly tax amount

Computation:

Monthly tax amount = ($209,000 x 0.52%)/12

Monthly tax amount = 1,086.80/12

Monthly tax amount = $90.57 (Approx)

4 0
3 years ago
The effects of ____ are not sufficiently strong to manipulate consumers, alter their preferences, or make the ad more memorable,
katrin2010 [14]

Answer:

Subliminal stimuli

Explanation:

Subliminal stimuli is defined as a stimulus that is below the sensory capacity of an individual. It is below the threshold where the individual can perceive that there is a change in something. For example if a company is producing potato chips and they want to increase salt content.

The point at which the consumer starts to notice a change in salt content of the potatoe chips is above the subliminal stimuli.

Although subliminal stimuli is not readily perceived it can unconciously influence consumer behaviour.

3 0
3 years ago
Read 2 more answers
Management career skills include managing _____.
Svetllana [295]

Answer:

the correct answer is finances

3 0
3 years ago
At age 1, suzi had a vocabulary of 10 words. now, at 2 years of age, she has a vocabulary of over 100 words. language developmen
wariber [46]
10x of words development
6 0
3 years ago
Other questions:
  • Claxton Company purchased a van on January​ 1, 2018, for​ $820,000. The estimated life of the van was five​ years, and its estim
    15·1 answer
  • Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000.
    8·1 answer
  • _______ is part of the new social contract for employees.
    6·1 answer
  • Jorge is creating a directory of student phone numbers and addresses. He performed a query to obtain the data he will include. H
    8·2 answers
  • Suppose a​ 40-year-old person deposits ​$12 comma 00012,000 per year in an Individual Retirement Account until age 65. Find the
    10·1 answer
  • ​U.S. businesses are increasingly recognizing that international markets provide enormous opportunities for growth and profit. _
    10·1 answer
  • The total sales of a product, by all competitors in the industry, is:____.a. highest in the introduction stage.b. lowest in the
    8·1 answer
  • Why is it important to understand which insurance network you are in
    8·1 answer
  • Please Help~!!!!
    8·2 answers
  • How can zoning laws be beneficial to a city’s residents?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!