the government‚ all services that are provided need to be set by laws and passed by parliament. E.g. Nursery Classes in Primary School. They provide a wide range of education in different subjects to children aged 3 to 5years.All the staff in the nursery will be qualified/trained at level 3 or above. The service is free as it is a Childs right to an education. They generally open from 9am-11:30am or 1pm-3pm. The child can usually only attend one of the sessions. They aim to support children by giving
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PARTNERSHIP It is a CONTRACT whereby two or more persons (1) bind themselves to CONTRIBUTE money‚ property‚ or industry to a COMMON FUND (2) with the intention of dividing the PROFITS among themselves or in order to EXERCISE a PROFESSION a STATUS and a FIDUCIARY RELATION subsisting between persons carrying on a business in common with a view on profit CHARACTERISTICS OF THE CONTRACT OF PARTNERSHIP [C‚ C‚ L‚ I‚ AS‚ NP] 1. CONSENSUAL perfected by mere consent
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Partnership is the relation between persons who have agreed to share the profits of the business carried on by all or any of them acting for all. An essential element of partnership is to have an agreement and wherever a change takes place in this relationship it results in reconstitution of the partnership firm. Reconstitution of the firm may happen under any of the following circumstances and as a result there will be a change in the profit sharing ratio: 1) Change in the profit
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Chapter 10 Dispositions of Partnership Interests and Partnership Distributions SOLUTIONS MANUAL Discussion Questions 1. [LO 1] Joey is a 25% owner of Loopy LLC. He no longer wants to be involved in the business. What options does Joey have to exit the business? Answer: Joey’s two most common options are to sell or exchange his interest in the LLC to a third party or to have the LLC liquidate his interest. Joey may also exchange his interest for corporate stock‚ give the interest
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of Partnerships: Scott Osborne The applicable law: Partnership Act 1892 (NSW) The relevant law is contained in the Partnership Act (PA) of each of the jurisdictions. All are based on the PA (1890) UK Act. The contractual nature of Partnerships Partnerships are essentially contractual. Defining a Partnership [s.1 PA 1892 NSW] The PA defines a partnership as “the relation which exists between persons carrying on a business in common with a view of profit” Partnerships are
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partner will bind the firm or other partners if its within the partners authority. Authority 1. Actual what is actually stated in the agreement Implied @usual what is normally the authority of a particular partner @ agent. (E.g. within usual authority of an estate agent to receive deposit on behalf of the partnership‚ its considered as an authority. implied authority arises from the nature of the business
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1.1 A partnership is an arrangement between two or more groups‚ organizations or individuals to work together to achieve common aims and goals. For the partnership to be effective in achieving its aims and goals partners should; Have an agreed and shared vision and aims for their working together at a strategic and operational level‚ and will have ensured that partners understand their roles. The sharing of aims and an agreed strategic purpose will continue to allow for diversity in the aims of
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Developing Yourself as an Effective HR Practitioner Nicole Davey Task 1 Write a report in which you: Briefly Summarise the CIPD Profession Map (i.e. the 2 core professional areas‚ the specialist professional areas‚ the bands and the behaviours) Comment on the activities and knowledge specified within any 1 professional area at either band 1 or 2‚ identifying those you consider most essential to your own (or other identified) HR/L&D role. Word Count: 835 Contents Page Contents 1 Introduction 2 Brief
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on “Partnership Accounting”. Dear Madam‚ It is an honor for us to submit the `Project Report’ on “Partnership Accounting” which is prepared as a partial requirement of the course named “Accounting Principles (F- 103)” of BBA program under Department of Finance of the Faculty of Business Studies‚ University of Dhaka. The main objective of study to help the student to have a clear concept about partnership accounting and give the idea of theoretical and mathematical issues of the partnership business
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1. THE PRODUCTION CONCEPT: the philosophy that consumers will favor products that are available and highly affordable‚ that management should therefore focus on improving production and distribution efficiency. 2. THE PRODUCT CONCEPT: the idea that consumers favor products that offer the most quality‚ performance and features‚ and that the organisation should therefore devote its energy into making continuous product improvements; a detailed version of the new product idea. 3. THE
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