One basic difference between partnership and agency law is that:
a. in a partnership, partners are not deemed to be agents of the other partners.
b. each partner does not have an ownership interest in the firm.
c. each partner has an ownership interest in the firm.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “One basic difference between partnership and agency law is that: a. in a partnership, partners are not deemed to be agents of the other ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A minimum wage above $10 per hour would prevent the labor market from reaching equilibrium. a. True b. False
Answers (1)
Karen, an accrual basis taxpayer, sold goods in December 2019 for $20,000. The customer was unable to pay cash. So the customer gave Karen a note for $20,000 that was payable in April 2020. The note bore interest at the Federal rate.
Answers (1)
What must be the price of a $10000 bond with a 6.8% coupon rate, semiannual coupons, and eight years to maturity if it has a yield to maturity of 8% APR?
Answers (1)
As a central bank has greater independence from the government, the economy's inflation rate tends to : a. be larger be reduced. As expectations of inflation increase, firms and workers b. increase decrease wages and prices, therefore inflation c.
Answers (1)
B Co. reported a deferred tax liability of $24 million for the year ended December 31, 2017, related to a temporary difference of $60 million. The tax rate was 40%.
Answers (1)
New Questions in Business
Borrowing money to pay for expensive items like student loans and home mortgages with the intent to pay it back in fixed monthly payments is called installment credit an unsecured loan a secured credit card compounding interest
Answers (2)
Bond Company sells inventory to its subsidiary, Esquivel Company, at a profit during 2020. If Bond uses the cost method to account for its equity investment in Esquivel, which of the following would be credited in the consolidated worksheet for 2021?
Answers (2)
Most of the time it is quite difficult to separate the three functions of money. Money performs its three functions at all times, but sometimes we can stress one in particular.
Answers (1)
The APB partnership agreement specifies that partnership net income be allocated as follows: Partner A Partner P Partner B Salary allowance 30000 10000 40000 Interest on average capital balance 10% 10% 10% Remainder 40% 40% 20% Average capital
Answers (1)
The supply curve of reserves in an economy is horizontal when: A) the federal funds rate is greater than the seasonal credit discount rate. B) the federal funds rate is less than the secondary credit discount rate.
Answers (1)