Finance > EXAM REVIEW > BUAD 2301Exam # 3 review-Study Guide Exam #3-Sam Houston State University (All)
BUAD 2301Exam # 3 review-Study Guide Exam #3-Sam Houston State University
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1. Withdrawal from a partnership for a term prematurely does not constitute a breach of the partnership agreement. a. False 2. In general partnership, all partners have equal rights in managing the... partnership. 3. In a limited partnership, a limited partnership and for all its debts. 4. Megan and Nicole do business as One World Realty. In acting on the firm’s behalf in a deal with Property Acquisition Company, Megan fails to account for the profit. To her firm, Megan is: 5. Kelly, Lars, and Mona agree to be partners in Neighborhood Delivery Service (NDS), splitting the profits equally. Kelly contributes 67 percent of the capital. When NDS is dissolved, its liabilities are greater than its assets. The losses are paid by: 6. A principal does not have the right to control an agent’s conduct in matters entrusted to the agent. [Show More]
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