Is dr vidricksen a general partner

Assignment Help Business Law and Ethics

Reference no: EM131389663

Dr. Vidricksen contributed $250,000 to become a limited partner in a Chevrolet car agency business with Thom, the general partner. Articles of limited partnership were drawn up, but no effort was made to comply with the state's statutory requirement of recording the certificate of limited partnership. In March, Vidricksen learned that, because of the failure to file, he might not have formed a limited partnership.

At this time, the business developed financial difficulties and went into bankruptcy on September 11. Eight days later, Vidricksen filed a renunciation of the business's profits. Is Dr. Vidricksen a general partner?

Reference no: EM131389663

Questions Cloud

Why do we study international juvenile justice : For this assignment, you will assume the role of a researcher for a nonprofit that examines international juvenile justice systems and/or youth violence. The nonprofit has asked that you complete a profile of two countries (use two of those discus..

What are the rights of doug against roy lumber company : The firm and the three partners are completely solvent. What are the rights of Doug against Roy Lumber Company, Albert, Betty, and Carol?

Does zynga charge its customers to play the companys games : Does Zynga charge its customers to play the company's games? How does Zynga earn revenue? In your own words, explain how Zynga records revenue from the sale of virtual goods?

Net marginak benefit of purchasing each incremental unit : At the Rady Computer Corp (RCC), a major product is the power supply. RCC's unit cost to manufacture this item is $900, while its selling price is $1250. However, if the power supply does not sell at retail, it can be sold at a discount of $850 per u..

Is dr vidricksen a general partner : At this time, the business developed financial difficulties and went into bankruptcy on September 11. Eight days later, Vidricksen filed a renunciation of the business's profits. Is Dr. Vidricksen a general partner?

What are growers rights against arthur : The business subsequently failed. What are Grower's rights, if any, against Arthur, Barbara, Carl, and Debra as individuals?

How are juveniles managed as compared to adults : Discuss juvenile justice or youth violence in China, Brazil, Indonesia, Ireland, or Russia. How are juveniles managed as compared to adults?

Production capacity for one of its products : Your company wants to expand the production capacity for one of its products. Two plant sizes are under consideration -- one small, the other much larger. If your company builds the low-capacity plant and wants a 8% return (profit) on its fixed cost ..

Endorsement signal about the product : In other words, play matchmaker between celebrity and product, explain why it is a good fit, and ultimately what they would say or their endorsement signal about the product.

User Account

All Pages