Chapter # 03 Partnership Q-1 Define Partnership and explain the features of Partnership? Ans. A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money‚ property‚ labor or skill‚ and expects to share in the profits and losses of the business. A partnership must file an annual information return to report the income‚ deductions‚ gains‚ losses‚ etc.‚ from its operations‚ but it does not pay income tax. Instead
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grow up. However‚ based on the studies in Unequal Childhoods by Dr. Annette Lareau‚ it is shown that cultural logic of child-rearing and the general success of children’s academic studies are significantly dependent and impacted by economically societal differences and family setting. Annette Lareau invites her readers to a new perspective of child-rearing‚ where people are not just individual human beings‚ but rather class subjects. Her book‚ Unequal Childhoods provides the best means to demonstrate
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Political ideas were more significant between Indians and Europeans and while doing that they maintain its social and economic stability. Economic is exchange of wealth and goods. Both the Indians and Europeans was thriving trade in gold‚ silver‚ copper as well as agricultural products. But‚ before trading they need a set of rules and regulation to maintain economically. There were Monarchies that support oversea trade‚ Ferdinand of Aragon and Queen Isabella of Castile allowed Columbus to go out
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concept is the dialectical relationship between social structure and agency. The relationship is not permanent and can be changed. It’s derived from social symbols and interactions‚ not through nature or biology. Bourdieu’s work attempts to bridge the gap between constructivism which is the view that our knowledge of the world is based on interactions between social groups‚ and structuralism which is any analysis that emphasizes structures and relations. In Unequal Childhoods‚ the author explains that
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Rodney Glen King lll was an American taxi driver in Los Angeles‚ California. Tragically‚ he became nationally known after being identified as the victim‚ beaten by Los Angeles Police Department (L.A.P.D) officers following a high- speed car chase. Due to the incident‚ it caused riots all over the nation. California in particular‚ was the initial place the riots started. Early Sunday morning around 12:30 on March 3‚ 1991‚ Rodney King‚ along with two additional passengers‚ Bryant Allen and Freddie
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to Bentley Physiotherapy’s partnership agreement that Tim‚ Kathy and Martin are partners and that Bentley Physiotherapy is operating as a partnership so no further analysis into the essential elements of a partnership is necessary. It is stated that Adam made it clear that he didn’t want to be a partner. This does not give us any reason to believe that Adam is not a partner of the business. Whether a partnership exists is a mixed question of fact and law. WA Partnership Act 1895 – S8 sets out some
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To determine whether Nazir and Omar has a valid partnership or not.We need to look and understand the definition of partnership by Partnership Act‚ 1961.S.3(1) define partnership as ‘Partnership is the relation which subsists between person carrying on a business in common with a view of profit’.5 words need to be examine‚first is ‘relation’‚’person’‚‘a business’‚’carried in common’ and ‘with a view of profit’ .We will look into what type of relation they are in‚is the business running carried in
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Rodney King‚ the one man show by actor Roger Guenveur Smith is a visceral portrayal of the historic beating of the eponymous man by Los Angeles police officers‚ and the consequence of the Los Angeles riots that erupted in the wake of the acquittal of the white officers who were caught on videotape beating him. However‚ the police using excessive force against unarmed black men leading to civil unrest has been repeated many times in the United States. The historic Watts Riots‚ a result of police harassment
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Bank because of the agency relationship between partners in a partnership. Rules In determining whether there is a partnership‚ the essential elements of a partnership must first be satisfied‚ that is: a business is being carried on; the business is carried on ‘in common’; and there is ‘a view to profit’. If these definitional elements for a partnership are met‚ one can next consider the rules for the determination of the existence of the partnership: co-ownership of property‚ which does
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citizens. Unequal access to education‚ violence in schools‚ high dropout rates‚ and standardized testing are just some of the weaknesses in the system
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