Q1. Describe briefly the relationship between a corporation and its shareholders. Q2. If one partner...
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Finance
Q1. Describe briefly the relationship between a corporation and its shareholders.
Q2. If one partner should become personally bankrupt, and the partnership dissolved, how is the liability of each remaining partner for the debts of the partnership determined?
Q3. How does a partnership differ from co-ownership?
Q4. Under what circumstances would a partnership be liable for a tort committed by a partner?
Q5. What is the statue of frauds? Briefly explain.
Q6. if a minor or infant is engaged in business, how are the courts likely to view business contracts entered into by the minor?
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