partnerships Flashcards

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1
Q

when does the act of a partner apparently carrying on in the ocob not bind the partnership

A
  • partner has no auth to act in the matter
  • person with whom he is dealing has knowledge that he has no auth
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2
Q

reqs to convert a partnership into an llp

A
  • vote of partners sufficient to amend partnership agreement
  • filing a statement of qualification
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