Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. tim is a limited partner in a limited partnership

Tim is a limited partner in a limited partnership which operates a day care center...

60.1K

Verified Solution

Question

Finance

Tim is a limited partner in a limited partnership which operates a day care center and nursery school. Tim retired from his profession as a teacher and has quite a bit of time on his hands. To occupy his time, Tim without the other partners knowledge, has begun negotiating on a parcel of land adjacent to the nursery school/center so the nursery school/center can expand. Discuss the correctness of this action by Tim and any possible liability Tim may have for his conduct

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

(a) Show that the length of the broken line satisfies Length(L) ≥ |AB|. (b) Show that L...

Accounting
1.2K views

Feathered FriendsFeathered Friends makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for $12...

Biology
1.2K views

2 Book Ferences Fatigue COVID 19 exhibited a long list of possible signs and symptoms...

Calculus
1.2K views

There are two numbers which add up to 17 If one number is 13 more...

Calculus
1.2K views

17 sin 0 35 300

Accounting
1.2K views

The normal balance of any account is the side which increases that account. side which...

Accounting
1.2K views

! Required information (The following information applies to the questions displayed below.) "We really need...

Accounting
1.2K views

If the assets of a business increased 93,000 during a period of time and its...

Accounting
1.2K views

In 2021 Lulu Lowman sold her personal residence for $300,000 that she owned and lived...

Accounting
1.2K views

Problem 13-23 (Algo) Make or Buy Decision (LO13-3) Silven Industries, which manufactures and sells a...

Accounting
1.2K views

In a flexible budget, __________ are adjusted to reflect actual performance. Select one: a. fixed...

Accounting
1.2K views

On August 1, 2022, Martinez Corp, issued $ 489,600, 6%, 10-year bonds at face value....