insolvency of partner‚ eachpartner is liable to his co-partners for his share of any liability created by any partner acting for thepartnership as if the partnership had not beendissolved unless: 1.)The dissolution being the act of anypartner‚ the partner acting for thepartnership had knowledge of thedissolution; or 2.)The dissolution being by the death orinsolvency of a partner‚ the partner actingfor the partnership had knowledge ornotice of the death or insolvency. Right of partner to contribution
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the partnership of $5‚000 and Gwen‚ who is also a limited partner‚ has an interest in the partnership of $5‚000. Harry‚ one of the general partners of International Exports‚ L.P. has decided to retire. The other general partners‚ without asking the limited partners opinion‚ vote to liquidate and dissolve the firm. The limited partners however‚ want the partnership to continue in business and they file a law suit against the general partners to compel the result. Can the court order International to
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business organization respectively: 1.1 Partnership Firstly‚ the partners have to fill with the Registrar an application for approval and reservation of partnership name. After the application is being approved‚ a partnership is required to be registered online via BizFile with ACRA through a professional business registration firm if both of the partners are not local citizen. The partnership must have at least two partners for registration. Following are the information needed: 1) Proposed
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an LLP one partner is not responsible or liable for another partner ’s misconduct or negligence; this is an important difference from that of a unlimited partnership. In an LLP‚ all partners have a form of limited liability for each individual ’s protection within the partnership‚ similar to that of the shareholders of a corporation. However‚ unlike corporate shareholders‚ the partners have the right to manage the business directly. An LLP also limits the personal liability of a partner for the errors
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business done by all partners or any one of the partners acting for all. The persons who have entered into a partnership with one another are individually called as partners and collectively it is called as a firm. Partnership firm is formed by more than one individual for the purpose of carrying on a business. The partners have some rights and the following are the rights of the partners: 1. Every partner has a right to take part in the management of the business; 2. Every partner has a right to
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a partnership in which all the partners share equal responsibilities and liabilities in the partnership firm/company. The main characteristic of general partnership is the unlimited liability of the partners. Each partner is personally liable for the debts of the partnership ‚ as well as all the contracts entered into by other partners Limited partnership similar to general partnership‚ but it is made up of 1 or more general partners and 1 or more limited partners. The main characteristics of limited
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Chapter 1 & 2 Summary Accounting is a process of identifying‚ measuring‚ and communicating economic information to permit informed judgments and decisions by users of the information. It is a service activity and the language of business. Its main function is to provide qualitative information that is intended to be useful in making economic decisions. The Accounting process is a series of repetitive activities of recording‚ summarizing and reporting economic transactions from the beginning
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DEED OF PARTNERSHIP THIS DEED of Partnership is made at Ahmedabd on 9th day of January 2012 by Ram Kishan Patel and between: Shri Hemant Patel aged about 22 years‚ son of Shri Shyam Patel resident of 2‚ Lal Bagh Ahmedabad (Hereinafter to be called the First Party); Shri Omkar Shah aged about 25 years‚ son of Shri Gopal Shah resident of 5‚ agrawal Nangar‚ Ahmedabad (Hereinafter to be called the Second Party); Shri Kunj Patel aged about 22 years‚ son of Shri Mukesh Patel resident of 3‚
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EAST AFRICAN COMMUNITY PROTOCOL ON THE ESTABLISHMENT OF THE EAST AFRICAN COMMUNITY COMMON MARKET PROTOCOL ON THE ESTABLISHMENT OF THE EAST AFRICAN COMMUNITY COMMON MARKET ARRANGEMENT OF ARTICLES PREAMBLE ARTICLE PART A: ARTICLE 1: TITLE INTERPRETATION Interpretation PART B: ESTABLISHMENT AFRICAN MARKET ARTICLE 2: Establishment of the East African Community Common Market ARTICLE 3: ARTICLE 4: ARTICLE 5: OF THE EAST COMMUNITY
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strap-on dildo) into a vagina or anus. Missionary‚ the most commonly used sex position. Sex positions 2 Penetrating partner on top with front entry The basic sex position is generally called the missionary position. In this position‚ the participants face each other. The receiving partner lies on his/her back with legs apart‚ while the penetrating partner lies on top. This position and the following variations are primarily used for vaginal intercourse‚ although some can also be used
Free Sexual intercourse Human sexuality Oral sex