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Charlie is a limited partner in a limited partnership. Charlie has recently been contacted by an attorney to review some of Charlie's recent activities. Discuss Charlie's liability for each of the following statements and actions.
1. Charlie has been hired as a consultant for the limited partnership
2. Charlie identified several management problems and made recommendations that included removing one of the general partners, expanding into an additional line of business, and borrowing substantial money to finance the expansion.
3. At a partnership meeting to discuss Charlie's recommendations, Charlie voted to remove the partner, expand the business and borrow money.
4. To get the loan to finance the business, Charlie executed a personal guarantee on the loan.
5. The partnership dissolved after a short period of time. Upon dissolution, the partnership debts exceeded the assets. Numerous creditors claim that Charlie should be considered a general partner.
Consider the Arrhenius Equation; it is used to theoretically estimate the rate constant for a chemical reaction based on: the activation energy Ea
signs the agreement anyway because she needs the appliances. The financing terms are very unfavourable to Zena also she is unable to make all of her payments when they are due. Steeley sues. The court would:
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MNG81001 MANAGEMENT COMMUNICATION - Print and read all articles and complete the Article Analysis Form
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