Doyle contributed $10,000 when he became a general partner in the existing partnership of R & Z Heating. If Albert wins a judgment for $25,000 against R & Z on a claim that was incurred before Doyle became a partner, Doyle shares joint and several liability with his new partners for the whole obligation
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
A subsequent event is an event that occurs
A) after the annual report is issued. B) anytime after the end of the accounting period. C) between the end of the accounting period and the date the annual report is issued. D) anytime before the annual report is issued.
When researchers wrestle with operational definitions of their scales, they are simultaneously taking into account the data analysis as well as the presentation layout they will be using in the final report
Indicate whether the statement is true or false
China's vast and mountainous terrain leads to:
A. economic disparities. B. political unity, as in Switzerland. C. population divergences. D. many languages and dialects.
According to your textbook, a fundamental tension exists between national governments and transnational companies, that tension being that ____________.
a. Governance of the corporation, especially as a taxable entity, can frequently cut across governments of the territories within which it operates b. Many of the governments of the territories within which a corporation operates are corrupt, so the corporation operates under conditions of bribery and politics c. There is always the possibility that the corporate friendly conservative governments might be overthrown by anti-globalization socialist parties d. Both a and c