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Nicole, Princess and Reymart formed a partnership under the following terms and conditions: participation: Nicole-40% Princess-40% Reymar-20% Nicole and Princess would supply entire capital. Reymart
Nicole, Princess and Reymart formed a partnership under the following terms and conditions: participation: Nicole-40% Princess-40% Reymar-20% Nicole and Princess would supply entire capital. Reymart would contribute his management expertise and be a manager for the first five years without compensation. Reymart will not be liable for losses. The partnership became bankrupt. COULD REYMART BE PERSONALLY HELD LIABLE FOR DEBTS OF THE PARTNERSHIP NOT SATISFIED WITH THE ASSETS OF THE PARTNERSHIP
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Land Law Text Cases And Materials
Authors: Ben McFarlane, Nicholas Hopkins, Sarah Nield
5th Edition
0198868529, 978-0198868521
