Limited partners are personally liable for debts of the business
Indicate whether the statement is true or false
False
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Define official immunity.
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1. Laws are developed and administered only by federal and state governments. 2. A great deal of common law came to America from England when the first colonies were established. 3. A law that is created by a federal, state, or local legislature is called a precedent. 4. The Uniform Commercial Code (UCC) is designed to simplify interstate commerce. 5. The Uniform Commercial Code (UCC) is an example of statutory law.
An angry customer can make you angry too. However, it is crucial that ________.
A. you ensure you continue to sell your product or service B. you stay calm, ask the customer to explain the situation, and do not interrupt the customer as she speaks C. you make your points to the customer D. once the sale is made, you do not go back to this person
According to the view that New Allied Manufacturing Corporation is a "citizen," New Allied is expected to A)?participate in bettering communities and society
B)?primarily generate revenue for its owners. C)?have no responsibility other than profit maximization. D)?efficiently allocate scarce resources.