Top Posters
Since Sunday
t
7
m
6
k
6
F
5
j
5
t
5
j
5
G
5
f
5
a
5
d
5
c
5
Home Q & A Board Humanities Legal Studies
New Topic  
lii lii
wrote...
Go to Answer
Posts: 103
Rep: 0 0
2 years ago
Which one of the following statements about general partnerships is false?

▸ A partnership can exist even without a written partnership agreement.

▸ Each partner has unlimited personal liability for the debts of the partnership.

▸ A general partner can limit his liability for the firm's obligations by using the term "limited" after his name on stationery.

▸ The Partnership Act can imply contractual terms into a partnership where the partners did not expressly agree on some detail of the relationship.

▸ Partnership is the relationship that exists between persons carrying on business together with a view to making a profit.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
Author:
Read 57 times
1 Reply
Replies
Answer verified by a subject expert
mikey3091mikey3091
wrote...
#1
Posts: 72
Rep: 0 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

lii Author
wrote...

2 years ago
You make an excellent tutor!
noodlelicker
wrote...

Yesterday
Thanks
Liarec
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1024 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 61
  
 8835
  
 227
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 820
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?