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    upon. You will also be liable for that action. You didn’t know that it happened and maybe you used the money during the partnership agreement, which makes you liable. Case 32-1 RNR investments limited partnership v Peoples first Community Bank: Facts: RNR is a limited partnership that was formed. The limited partnership agreement had some restrictions on the general partner authority. The general partner was restricted on the ability of handling the funds. They can spend more than the…

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    Introduction and Statement of Facts The fundamental attribute of corporate personality, from which all other consequences flow if that the corporation is a legal entity distinct from its members. Hence, it is capable of enjoying rights and of being subjects to duties which are not the same as those enjoyed or borne by its members. In other words, it has a “legal personality” and is often described as an artificial person in contrast with a human being, a natural person. However, corporate…

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    Mehta Case Study

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    5. Recommendations for Mehta: Mehta is the only person who has connection with both the groups such as the Bonazzi and Indo group. Mehta being the CEO of Bonazzi is appointed for a purpose. He should understand the Indo group and share his views to the Bonazzi Goup and vice-versa. He can think from both their views and make the best decisions. HE should create, communicate and execute a clear vision, strategies and goals so that the future of the Joint Venture is bright. He also should make…

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    This day was very long, exhausting, and tiring, but I did see a lot, though. We decided to finish up by going and eating some take out Chinese food from a fast food restaurant called, “Wasabi”. The guys there already upsized our order since it was the end of the day and they didn’t give a crap since the food was going to be thrown out anyways. This takeout box was really big and I honestly couldn’t finish it all and I didn’t in the long run. My dad didn’t really care what…

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    Most of the challenges in organizations today emanate from strategic planning. This presents the organizations with a dilemma on whether to do strategic planning internally or to hire an outside consultant to guide the organization through the in-house initiatives of planning. As such, organizations implement the balanced scorecard, BSC to drive performance thereby transforming the strategic objectives into a set of performance measures. Companies are widely applying the BSCs as tools for…

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    Public Spaces

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    advertisement and symbolism. Union Square however has stores that surround the exterior of it but it does not change the meaning of the space like Times Square. You will not see a lot of advertised symbols selling stores such as American Eagle or Whole Foods. Before researching this space I had no idea what the theme or symbolism of Union Square was besides a place to hang out and sit around. Because it is not blasted everywhere around the park or apparent in its structure, tourist probably have…

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    Section 721 Case Study

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    The general rule of Internal Revenue Code Section 721 contains that no gain or loss shall be recognized to a partnership or to any of its partners in the case of a contribution of property to the partnership in exchange for an interest in the partnership.(1. 721(a)). This rule applies when partners make contribution to the partnership. In this section, the property includes various types of assets. Such as cash, inventory, land, equipment, obligations, etc. During the time when two or more…

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    Media In Australia

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    Media plays an important role in the dissemination of information to citizens of any country. In a democratic country like Australia, media plays a far greater role in connecting political discourses with its citizens so that they can make an informed decision about the future of their country. Media must provide citizen with information, ideas and debates so as to facilitate informed opinion and participation in democratic politics (Dahlgren 2009). But the Australian print media is highly…

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    New Look Swot Analysis

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    New Look New Look, Private Limited Company, is a British global fashion retailer. It was founded by Tom Singh in wellington, Somerset, United Kingdom in 1969. Since the founding the company has expanded and now have more than 852 stores globally, including countries like Belgium, France, South Korea, Arab Emirates, Russia, and others, 759 of the stores are operated directly by New Look Group Limited, and the rest are operated by franchise partners, with over 30,000 staff in total. And they are…

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    Starbucks does not have employees or associates, they have partners. That is the term of endearment used when discussing the individuals who work in their stores around the world. And the philosophy behind the moniker is that each partner contributes to the success of the company. Newly accepted partners complete 24 hours of indoctrination within the first two week of partnership. Areas covered during training sessions include covering the history of coffee history, drink preparation,…

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