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(a) How does a general partnership differ from a limited partnership? (b) Can partners limit the right of a partner to commit their partnership to
(a) How does a general partnership differ from a limited partnership?
(b) Can partners limit the right of a partner to commit their partnership to contracts? Would such an agreement be binding on the partners or on outsiders?
(c)Amy and Lacey are partners. Lacey dies, and her son claims the right to take his mother's place in the partnership. Does he have this right? Why or why not?
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