Question
Mr. X (husband) form a limited partnership to engage in transportation business with Mrs. X (wife) being a limited partner. Mr. Y, a law student,
Mr. X (husband) form a limited partnership to engage in transportation business with Mrs. X (wife) being a limited partner. Mr. Y, a law student, informed them that forming the said business organization is prohibited under the law. Is Mr. Y correct?
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
Essentials of Business Law and the Legal Environment
Authors: Richard A. Mann, Barry S. Roberts
9th edition
324303957, 324303955, 978-0324303957
