7,8,9

TRUE FALSE 7. Sheri and Paris start a partnership without any formal partnership agreement Sheri contributes 75% of the capital and Paris contributes 25%, when selecting a location to build an office, they have equal voting rights. TRUE FALSE 8. Jack and Jill dissolve their partnership. They owe Mafia Bank $100,000. Jack had also loaned the partnership $10,000. After liquidating their assets, they have $110,000 in cash. Mafia bank gets repaid in full and Jack and Jill equally split the remaining $10,000. TRUE FALSE If Able, Baker and Charlie form a partnership that is sued by Douglas, Able may end up paying the entire amount owed to Douglas from his personal assets. TRUE FALSE nanade stand autside Tiger Stadium