Question
What is one of the primary roles that agency law plays in partnerships? Group of answer choices Dictates what the operating agreement must state. Controls
What is one of the primary roles that agency law plays in partnerships?
Group of answer choices
Dictates what the operating agreement must state.
Controls formation of the entity.
Dictate how the partners can operate the business.
2- Whether or not a partner can bind the partnership to obligations or liabilities.
A partner can never be liable for the criminal act of another partner.
A partner is not liable for obligations incurred by the partnership before the person became a partner.
A partnership requires at least two persons.
Group of answer choices
The second statement is false.
The first and second statements are false.
The first statement is false.
The first and third statements are false.
The third statement is false.
3- Piercing the corporate veil is a concept from:
Group of answer choices
Agency Law
Torts
Corporate Law
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