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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.

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Answer:

The right solution is "$3,000 favorable".

Explanation:

The standard taxation deduction throughout the year 2019 is nothing more than the differentiation seen between strike amount of $9 as well as the market value of the company stock of $5.

Besides book specific reason, calculated by multiplying the total number of possibilities used:

⇒ (9-5)\times 3000

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The manuscript deduction seems to be the valuation of the relevant guidelines throughout the year 2019:

⇒ \frac{1}{3}\times 27000

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Therefore the large amounts book deduction of 3000 seems to be definitely favorable.

4 0
2 years ago
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Answer:

Bill is also equally and somewhere more liable as he is the employer.

Explanation:

Although in records it might seem that George did the falsify act, but for that he required the permission of his employer.

When the fact is clearly stated that George did this on direction of his employer Bill, and that Bill demanded this intentionally in order to present extra profits, he is more liable for this false act.

As George is the employee, he is bound  to follow the directions of his employer. Thus Bill is crucially liable for this act, as he is an important reason for this act.

7 0
3 years ago
McBride’s Dairy has 200 gallons of cream and 600 gallons of skimmed milk and has incurred $1,000 of joint costs at the split-off
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MrMuchimi

Answer:

Sarbanes Oxley

Explanation:

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The Sarbanes Oxley Act created and gave powers to the Public Company Accounting Oversight Board to overlook the activities of the accounting industry. The Act also bans company executives from accessing loans.

Cheers.

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Elena-2011 [213]
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