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All main topics / Law / International Law

LAW (125 Cards)

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Tom is one of the partners in a new partnership. If debts of the firm become due, and the firm cannot pay them, Tom will be

a. personally liable for those debts and obligations.
b. liable for those debts and obligations only up to the amount of his capital contribution.
c. not required to contribute any money to the satisfaction of these debts and obligations.
d. none of the above.
a.
Tags: Partnerships
Source:
Flashcard set info:
Author: Elisa
Main topic: Law
Topic: International Law
School / Univ.: Hanze Hogeschool
City: Groningen
Published: 14.02.2010
Tags: Exam Year 1
 
Card tags:
All cards (125)
? (1)
2nd Absatz (2)
also see partnership by estopel (1)
Assault and Battery (2)
Business Organization (1)
Business Trust (2)
Chain-Style business operation (2)
Conversion (1)
Conversion - letzter Absatz (1)
Coporate Financing (1)
Coporate Personnel (1)
Defamation (1)
Disadvantages ot the sole proprietorship (1)
Dissolution LP (1)
Dissolution of LP (1)
Distributorship (2)
Domestic (1)
Fact versus Opinion (1)
False imprisonment (1)
Family Limited Liability Partnerships (FLLP) (1)
First Orginazational Meeting (1)
First sentence (2)
Foreign and Alien Coporation (1)
Formation of a Limited Partnership (1)
Formation of a LP (1)
Franchise (1)
Incorporation procedure (1)
INncorporation Precedure (1)
Joint stock company (2)
Joint venture (2)
last sentence (1)
Liabilities of limited partners (1)
Limited Liability Partnership (LLC) Liability (1)
Limited partners and Managment (1)
LLC (1)
Location Chartering (1)
Negligence (1)
Partnerships (1)
Payment for the franchise (2)
Payment of the franchise (1)
point 2 (1)
Preferred Stock (1)
Preferred stocks (1)
Pricing agreement (1)
Processing-Plant arrangement (2)
Profesional Corporation (P.C) (1)
Professional Corporation (1)
Professional Corporation (P.C) (1)
Promoter Liability (Promoter Activities) (1)
Restriction in the Articles of Incorpration (1)
Right of limited partners (1)
Self-defense (1)
Slander of Quality (1)
Slander of Title (1)
Stocks (3)
Syndicate (2)
Termination of the franchise (2)
The publication requirement (1)
The scope of implied powers (1)
Trespass to Land (1)
Trespass to personal property (2)
Wrongful interfence with a contractual relationship (1)
Wrongful interference with a business relationship (2)
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