Business law1 what is meant by the term ldquojoint and, Ask an Expert

Management Studies

Business Law.

1. What is meant by the term “joint and several liability” for your partners actions in a general partnership?

2. What decisions made by one partner, that are harmful to the partnership business, can the other partners sue the partner for that made the decision?

3. Can one partner make a decision without the consent of the other partners?

4. Can one of the partners in a general partnership be “forced out” against their will?

5. State at least three reasons partners in a general partnership should enter into a “buy-sell agreement.”

6. Name at least two (2) pros and two (2) cons to forming a business and entering into a franchise system to do so.

7. Assume that your group is a group of investors that have decided to invest together in an existing franchise system. (Pick a business that is an existing franchise that you think has the best chance of making money in Springfield, Missouri). Then state which type of franchise it is.

8. Describe three of the ways you franchise agreement may require you to pay the franchisor for your franchise rights.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93112795

Have any Question?Write your Review or question?

Related Questions in Operation Management

Signature assignment prepare a business plan with financial

Signature Assignment: Prepare a Business Plan with Financial Projections for a Joint Venture Outpaent Facility Instrucons Your final assignment has two parts. Based on the case below and using the Excel spreadsheet locat ...

General aviation hangar renovation group case studyassuming

General Aviation Hangar Renovation Group Case Study Assuming the perspective of your role (Project Manager), consider how you would address the following case study questions: 1. What are the key issues surrounding this ...

Situationinpatient unit has poor patient satisfaction and

Situation Inpatient unit has poor patient satisfaction and one of the key drivers is responsiveness to nurse call lights. Assumptions Poor call light response rate could be attributed to: Old/poor performing call light s ...

1- if we pay our employees for knowledge skills and

1- If we pay our employees for knowledge, skills, and abilities they may never use in the workplace, our overall compensation cost ___________. A. changes insignificantly B. does not change C. goes up D. goes down 2- Ove ...

1 please write typed 2-3 paragraphs about strategic teams

1. Please write (typed) 2-3 paragraphs about strategic teams (team work) and what are the pros and cons of using employee teams to achieve the organization objectives? 2. Enthusiasm is an important attribute for sales ex ...

1 what are the classes protected by the civil rights act of

1. What are the classes protected by the Civil Rights Act of 1964? What does Title VII of the Act require of employers regarding these classes? What are the training implications? 2. What are the two main requirements of ...

Yoursquove been asked to explain resource loading to a team

You’ve been asked to explain resource loading to a team of recently graduated software developers. What are the key points you feel you need to tell them about resource loading, and what do they need to do in order to ma ...

Using control processes can really make a workplace better

Using control processes can really make a workplace better by reducing the need for management oversight. If the employees clearly know what they need to achieve, the manager will likely not have to micromanage. If you w ...

1 what do you think the role of the supernatural should be

1. What do you think the role of the supernatural should be in historical reconstruction? Evaluate Ernst Troeltsch’s three criteria for historical investigation. 2. Articulate your viewpoint: To what extent can we be obj ...

1 which of these is not true about hygiene factors in the

1. Which of these is NOT true about hygiene factors in the Two-Factor theory? a. improving hygiene factors will only reduce dissatisfaction, not increase satisfaction b. hygiene factors are related to the work setting or ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert