Answered step by step
Verified Expert Solution
Question
1 Approved Answer
another person with him in his share, but the associate shall not be admitted in the partnership without the consent of all the other partners,
another person with him in his share, but the associate shall not be admitted in the partnership without the consent of all the other partners, even if the partner having an associate should be a manager. 2nd Statement -Articles of universal partnership, entered into without specification of its nature, only constitute universal partnership of profits. A. both statement are true B. both statement are false C. only the first is true D. only the second is true 18. Which of the following is not correct? A. A- cash (Ltd.); B - cash (Gen.); C - service (Gen) B. A- property (Ltd.); B - cash (Gen.); C - service (Gen) C. A- service (Ltd.); B - cash (Gen.); C - service (Gen) D. A- cash (Ltd.); B - property (Gen.); C - service (Gen) 19. Spouses A and B formed a limited partnership to engage in real estate business and A contributed P1M only. Is the partnership between the spouses valid? A. The partnership is not valid because the spouses cannot enter into a limited partnership. B. The partnership is valid because spouses can enter into a partnership, limited or general, universal or particular. C. The partnership is not valid because spouses cannot enter into any kind of partnership for business except conjugal partnership. D. The partnership is valid because spouses are prohibited to enter into a universal partnership only
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started