Partnership is born out of contract and not status" . Explain.
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Q: Revised Uniform Partnership Act
A: A partnership is a type of company in which two or more parties form a contractual arrangement.The…
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Q: What is contract? Discuss the essential of a valid contract?
A: Contracts are an integral part of business and personal transactions, as they provide a legally…
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A: A franchising is a one of the strategy of distributing products, where franchisee uses franchisor's…
Q: Explain limited-liability company (LLC).
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Q: Under what circumstances can a partner be expelled from a partnership?
A: The Partnership Act is a legal statute or legislation that governs the formation, operation, and…
Q: Compare and contrast a cash-out combination and a management buyout.
A: Cash-out combination: It is used to eliminate minority shareholders by forcing the shareholders to…
Q: What is Contract in business law and why is it important?
A: Contracts are a fundamental aspect of business law that involves legally binding agreements between…
Q: Which legal form of business will allow the perpetual operation of a business? Choose one answer.…
A: At the point when you start a business, you should choose a lawful structure for it. Normally you'll…
Q: .Discuss the rights and liabilities of a retiring partner ?
A: A partnership is a type of business structure in which two or more people share ownership of a…
Q: BUSINESS • MANAGEMENT What are the pre requisite for consent to be free so that the agreement is a…
A: Contract A contract can be explained as a agreement between two parties, wherein one party…
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A: Contract The contract can be defined as a legally binding document between the define and the…
Q: explain the circumstances under which each of the following type of ownership would be most…
A: Joint tenancy is a type of ownership that allows multiple individuals to own a property together.…
Q: what is Consolidated declaration
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Q: Business law - Describe .. What are the essential elements of a valid contract?
A: Contract law is a legal framework that governs the formation, interpretation, enforcement, and…
Q: Explain the procedure of registration of partnership firm .
A: A partnership firm is a type of business organization in which two or more individuals come together…
Q: What are the rules regarding the expulsion of a partner from the partnership?
A: A partnership is a legal form of business organization where two or more individuals, called…
Q: PLS HELP ASAP
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Q: 27. Are partners considered employees or are they self- of a partnership employed?
A: In a partnership, individuals come together to share ownership, profits, work, responsibility, and…
Q: A limited partnership a. comes into existence when a certificate of partnership is filed b. always…
A: A limited partnership is a form of partnership that is similar to a general partnership except that…
Q: Distinguish between a member-managed limited liability company and a manager-managed limited…
A: A limited liability company is a business structure. Under a limited liability company, the owners…
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A: A holding firm is a legal organization of a firm that is typically an organization or a private…
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Q: Explain limited-liability partnership (LLP).
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Q: What is meant by performance of contract?
A: The term 'performance of contract' refers to the act of carrying out the duties, obligations, and…
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A: The allocation described in the partnership agreement does not have substantial economic effect. To…
Q: Describe features of Sole Proprietorship and elaborate the advantages and disadvantages of the Sole…
A: A sole proprietorship is the simplest and most common form of business ownership. It is owned and…
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