Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
|
Partnership |
An association of two or more persons carrying on as co-owners of business for a profit (despite intentions of the persons). |
|
|
Partnership Agreement |
pre-empts statutory provisions AND these statutory provisions -> supplement gaps in P'ship agreement |
|
|
Property Rights |
Property acquired by a partnership is property of the partnership, not property co-owned by the individual partners. |
|
|
Liabilities |
|
|
|
3 kinds of liabilities |
|
