A partner withdrew from a general partnership. The partnership removed the partner from internal records but did not notify a long-time supplier and did not update its public website for several months. The former partne...
Citations: Uniform Partnership Act and Revised Uniform Partnership Act principles
A properly formed limited partnership has one general partner and eight limited partners. A supplier asks who ordinarily has authority to manage the LP's ordinary business and place ordinary inventory orders for the LP...
Citations: Uniform Limited Partnership Act principles
Three partners operate Ridge Outdoor, a general partnership that sells camping gear. Their partnership agreement says that no partner may place a single inventory order over $20,000 without unanimous consent. The partner...
Citations: Uniform Partnership Act and Revised Uniform Partnership Act principles
...beyond her investment. Orin and Pilar filed a certificate of limited partnership naming Orin as the sole general partner and Pilar as the sole limited partner. The partnership agreement gave Orin authority to manage the...
Citations: Uniform Limited Partnership Act principles
...ty and duties in the syllabus path Business Associations > Agency and Partnerships. A high-scoring answer states the rule, resolves the competing factual inferences, and explains why the doctrine does or does not apply...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...cy arises from assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable r...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...cy arises from assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable r...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...ty and duties in the syllabus path Business Associations > Agency and Partnerships. A high-scoring answer states the rule, resolves the competing factual inferences, and explains why the doctrine does or does not apply...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...cy arises from assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable r...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...ty and duties in the syllabus path Business Associations > Agency and Partnerships. A high-scoring answer states the rule, resolves the competing factual inferences, and explains why the doctrine does or does not apply...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...cy arises from assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable r...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...cy arises from assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable r...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...cy arises from assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable r...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...cy arises from assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable r...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...cy arises from assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable r...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...ty and duties in the syllabus path Business Associations > Agency and Partnerships. A high-scoring answer states the rule, resolves the competing factual inferences, and explains why the doctrine does or does not apply...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...cy arises from assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable r...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...cy arises from assent and control, and a principal is bound by actual authority, apparent authority traceable to the principal, or ratification; agents owe fiduciary duties. Focus on manifestations, control, reasonable r...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
...ty and duties in the syllabus path Business Associations > Agency and Partnerships. A high-scoring answer states the rule, resolves the competing factual inferences, and explains why the doctrine does or does not apply...
Citations: Restatement (Third) of Agency sections 1.01, 2.01, 2.03, 4.01
Partner A and Partner B were married in State E and lived there for 20 years. Partner A left State E, rented a short-term vacation apartment in State F, and filed for divorce there after satisfying State F's 60-day resid...
Citations: U.S. Const. art. IV, section 1, 28 U.S.C. 1738, Williams v. North Carolina, 325 U.S. 226 (1945), Sherrer v. Sherrer, 334 U.S. 343 (1948)
A creditor obtained a personal judgment against one partner for an unrelated car loan. The creditor wants to collect by taking partnership equipment and voting the debtor partner's interest to force a sale of the busines...
Citations: Uniform Partnership Act and Revised Uniform Partnership Act principles
A limited partner sold her entire LP interest to a buyer. The partnership agreement required general partner consent before a transferee could become a substituted limited partner, and no consent was given. The buyer now...
Citations: Uniform Limited Partnership Act principles
A partner sold "my entire interest in the partnership" to an outside investor. The other partners did not consent to admitting the investor as a partner. The investor now demands the right to vote on ordinary business de...
Citations: Uniform Partnership Act and Revised Uniform Partnership Act principles
A restaurant employee, without authority, ordered $12,000 of specialty wine in the restaurant owner's name. The next day, the owner learned the price, quantity, and supplier. He told the employee, "You had no right to do...
Citations: Restatement (Third) of Agency section 4.01
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