A What Is the Liability of the Partners for Contracts

question 46

Essay

a. What is the liability of the partners for contracts regarding partnership business?
b. What is the liability of the partnership for torts committed by a partner while acting in the ordinary course of partnership business? How does this compare to the liability of a principal under respondeat superior ? Explain.

Learn about the impact of cultural differences on negotiation styles.

Understand the principles of attitudinal structuring in negotiation.

Understand the impact of cultural differences on negotiation styles and outcomes.

Recognize the significance of emotional intelligence in cross-cultural negotiations.

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories.

SEC Registration

The process of filing documents required by the Securities and Exchange Commission for new securities to be sold to the public.

Treasuries

Government debt securities issued by the United States Department of the Treasury to finance government spending as an alternative to taxation.

Factoring Receivables

Selling receivables to a financing source for an amount less than their face value.