Activity 1. Was the relationship among Grace and her sons a partnership for a term or a partnership at will? Grace Tengalhat and her sons‚ Manny and Jason verbally agreed to share the business for five years. “Partnership for a term is a partnership that exists for a specified duration or until a specified event occurs‚” (uslegal.com)‚ since they agreed for five years‚ this is a partnership for term. A partnership at will is when a partnership is made with no fixed term. 2. Did Manny have the authority
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A partnership is really the relationship that lives between persons operating business in common in a bid to always profit. In a partnership two and twenty persons jointly own the partnership property while a company owns its assets and not its members and does not always set up to make profits. As oppose to a company who always has a written Articles of Incorporation a partnership agreement could be verbal and therefore makes is difficult to demonstrate its existence. And also‚ unlike
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Unit 16 Code p5 Understand safeguarding of children and young people 1. Understand policy‚ procedures and practices for safe working with children and young people. 1:1 Explain policies‚ procedures and practises for safe working with children and young people. In order to ensure the safety of the children and young people in our care there are a number of policies‚ procedures and practices that must be adhered to. Policies are documents within the work place put together‚ influenced
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Partnerships and Corporations – the accounting process Dwight A. Holland II ACC 206 Kristi Rayford 31 May 2010 How do partnerships and corporations differ in accounting processes? With partnerships‚ you have to look at several key concepts such as direct materials‚ direct labor‚ direct expenses‚ production overheads‚ process stock accounts. In reference to corporations‚ you have to consider a laundry list of items including accounts payable‚ accounts receivable‚ payroll‚ financial
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Contexts That Motivate Learning Based on Malcolm Knowles research of adult education‚ and how to engage adults in the learning experience‚ he concluded that there are four distinct motivational contexts that stimulate an adult to learn. The first being practical context‚ which is a solution- based learning. This adult will be encouraged to learn by knowing that the information they are attaining is or will be purposeful in their lives. The second is personal context. This adult is driven by the
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Limited Liability Corporation and Partnership In the United States‚ limited liability companies increased rapidly throughout the past 10 years. These structures permit businesses to decrease federal tax liabilities by federal pass-through provisions (Bean & Bilyeu‚ 1997). Limited liability can apply to any non-corporate business‚ in any state‚ and provides characteristics of a corporation and a partnership. Individual states regulate the operations of the LLCs. However‚ companies with limited
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Communication expert Edward hall divided the social frame work of cultures into high and low context (Reynolds & Valentine‚ 2006). The high context cultures are based on nonverbal communication‚ beliefs‚ collectivism and ethics. In contrast the low context cultures are based on facts‚ verbal communication‚ and individualism. Individual belonging to high context at workplace expresses attention on the way the communication takes place‚ grasp meaning from nonverbal communication‚ value relationship
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To: Alexander Hunter From: Bea Calm Date: January 26th 2013 Subject: Analysis of Legal Issues Thank You for choosing Bea Calm for your legal advice. This is what we came up with: Facts: Alexander Hunter and Brenda Ho had co-ownership of a number of real estate properties. They had hoped to acquire the property adjacent to one of their own properties known as ‘The Baby’. However the neighbours refused to sell it and the current Mayor David Miller was not conducive to divide single family
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having them understand the word in its context. According to the
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Context means the varied circumstances in which a work of art is (or was) produced and/or interpreted and also the context of the viewer’s feelings towards that art. Context helps to shape the imagination of the viewer. Whether context is necessary or not it is debatable. Context helps the viewer to understand when‚ where‚ why and by whom it was made‚ art answers all these four questions when its examined and a failure to do so is the failure of the viewer not the artist. With context the viewer
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