Business
Business, 17.04.2020 22:38, PatienceJoy

Laura is an investor limited partner in a limited partnership. Two years after she becomes a limited partner, Laura thinks that the general partners are not doing a very good job managing the affairs of the limited partnership and participates in the management of the limited partnership. While she is doing so, a bank loans $1 million to the limited partnership, believing that Laura is a general partner.
Required:
1. If the limited partnership defaults on the $1 million loan, which of the following holds well?
a. Laura has unlimited personal liability as a limited partner.
b. Laura is personally liable as the bank, in good faith, thought she is a general partner.
c. Laura's liability is restricted to the value of her capital investment in the partnership.
d. Laura is not personally liable as she is a limited partner on paper.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 19:00, galfaro19
The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u. s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht. a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?
Answers: 2
image
Business, 22.06.2019 20:00, kylewinfrey2638
If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be:
Answers: 1
image
Business, 23.06.2019 02:30, jakaylathomas11
Perform a goal seek analysis to find a packing weight that will bring the shipping weight of the retro fit clothing set down to 39.75 lbs. use cell i9 as the cell to set, 39.75 as the target value, and cell f5 as the changing cell. keep the values generated by the goal seek analysis as the value for cells f5, i9, and i10.
Answers: 2
image
Business, 23.06.2019 03:00, vrw28
You are considering purchasing a company — assets, liabilities, warts, and all. you are aware that sometimes liabilities do not always show up on the balance sheet. discuss five examples of liabilities that may not be explicitly recognized on the balance sheet, making sure to explain why they are liabilities.
Answers: 1
Do you know the correct answer?
Laura is an investor limited partner in a limited partnership. Two years after she becomes a limited...

Questions in other subjects:

Konu
Mathematics, 05.02.2021 18:30
Konu
Mathematics, 05.02.2021 18:30