Explain the Three Different Limitation Provisions That a Partner Must

question 24

Essay

Explain the three different limitation provisions that a partner must satisfy before a loss can be deducted.

---

Definitions:

Color-Blind Framework

An ideological perspective that dismisses racial differences and promotes the treatment of all individuals irrespective of their racial backgrounds, often critiqued for ignoring systemic racism.

80/20 Phenomenon

A principle often referred to as the Pareto Principle, which suggests that roughly 80% of effects come from 20% of the causes.

Color-Blind Ideological Framework

An ideology that proposes race should not and does not matter, often criticized for ignoring systemic racial injustices and inequalities.

Race-Conscious

Pertains to policies or practices that consider race as a factor in order to address racial disparities and promote equality.