Business, 30.11.2019 04:31 maxy7347go

Wanda, derek, and mitchell formed b. flowers, llp three years ago. a year ago, derek and mitchell decided that the company was ready to open a new location and had b. flowers take out a loan from a bank for the extra capital needed to expand. the new location has not performed well, and b. flowers is unable to pay the remaining $50,000 owed to the bank. is wanda liable to the bank for the debt?
a. yes, because she is a partner.
b. no, unless the partners have not complied with the llp statutory filing requirements.
c. yes, if she authorized the loan.
d. no, because partners in an llp are never liable for the debts of the partnership.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 11:10

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

Answers: 3

Answer

Business, 22.06.2019 11:10

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?

Answers: 2

Answer

Business, 22.06.2019 11:20

Which stage of group development involves members introducing themselves to each other?

Answers: 3

Answer

Business, 22.06.2019 14:00

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

Answers: 1

Answer

You know the right answer?

Wanda, derek, and mitchell formed b. flowers, llp three years ago. a year ago, derek and mitchell de...

Questions