Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

1. Hunter is a partner in a company that sells fish from a roadside market. He needed money for home repairs, so he went to

image text in transcribed

image text in transcribed

1. Hunter is a partner in a company that sells fish from a roadside market. He needed money for home repairs, so he went to the bank and got a loan, using the partnership name (Hunter and Fisher) as the borrower. If Hunter does not repay the bank, can the bank sue the partnership for the loan amount? Why or why not

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Employment Law New Challenges In The Business Environment

Employment Law New Challenges In The Business Environment

Authors: John Jude Moran

5th Edition

536067031, 978-0536067036

More Books

Students also viewed these Law questions

Question

★★★★★

In September 1996, U.S. News & World Report published a report on America's health maintenance organizations (HMOs). The report was intended to serve as a consumer guide to HMO quality. For each HMO...

Answered: 1 week ago

Question

★★★★★

Ortho Company experienced the following events during its first- and second-year operations: Year 1 Transactions: 1. Acquired $68,000 cash from the issue of common stock. 2. Borrowed $36,000 cash...

Answered: 1 week ago

Question

★★★★★

1. Direct instruction is best used when teachers do which one of the following? A. Teach basic skills B. Have their students explore numerous pathways to solve a mathematics problem C. Encourage...

Answered: 1 week ago

Question

★★★★★

Suppose that you are the analyst charged with developing a new system to help senior managers make better strategic decisions. What requirements gathering techniques will you use? Describe in detail...

Answered: 1 week ago

Question

★★★★★

Jim Khana, the credit manager of Velcro Saddles, is reappraising the company's credit policy. Velcro sells on terms of net 30 . Cost of goods sold is 85% of sales, and fixed costs are a further 5% of...

Answered: 1 week ago

Question

★★★★★

s = 100 m 0 h-h

Answered: 1 week ago

Question

★★★★★

Hardy Life Insurance Company intends to launch Revolution, a new enterprise management system, in its offices nationwide. The software includes human resource management, finance, and planning...

Answered: 1 week ago

Question

★★★★★

At December 31, 2023, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Category Land Land improvements Buildings Equipment Automobiles and...

Answered: 1 week ago

Question

★★★★★

Ye' Olde Barrel Shop sells oak barrels to a local winery. The Master Cooper would like to reduce her oak lumber inventory by determining the optimal number of oak boards to order. The annual demand...

Answered: 1 week ago

Question

★★★★★

The first use of aircraft for moving materials occurred in India, in 1911, when 6,500 pieces of mail were carried for a distance of five miles. Two other early mail flights, taking place in the same...

Answered: 1 week ago

Question

★★★★★

Many people who travel to the Czech Republic come back with tales of the history, people, majesty of the country, and stories of the beer that to some is the heart of the country. A spa in The Czech...

Answered: 1 week ago

Question

★★★★★

Below is budgeted production and sales information for Flushing Company for the month of December Product XXX Product ZZZ Estimated beginning inventory 28,800 units 19,900 units Desired ending...

Answered: 1 week ago

Question

★★★★★

5. Give some examples of hidden knowledge.

Answered: 1 week ago

Question

★★★★★

3. Try to clarify how you think when you are going to write a note aimed at influencing the leader of the department. Remember, it is not what you think, but how you think that should be clarified....

Answered: 1 week ago

Question

★★★★★

2. Take as your starting point a conflict you experienced recently with a close friend. Try to go through the communication that took place and answer the following questions: a) What was the main...

Answered: 1 week ago

Previous Question Next Question