8 Cody is a partner in Delta Accounting Service Cody can inspect a all of

8 cody is a partner in delta accounting service cody

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____ 8. Cody is a partner in Delta Accounting Service. Cody can inspecta. all of Delta's books and records.b. Delta's books and records only as the firm's management permits.c. Delta's books and records only for a reasonable purpose.d. Delta's books and records relating to Cody's capital contribution only.____ 9. Tundi is a partner in YooHoo! Amusement, a new partnership. A YooHoo! debt comes due. Tundi is____ 10. Doral, Esteban, and Fiona are general partners in Centreville Dentistry, a dental clinic. Their agreement statesit is a breach of the agreement for any partner to assign his or her interest to a creditor without the consent ofthe other partners. Doral's assignment of his interest in the clinic to Hometown Lenders results in
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____ 11. Lucy is a limited partner in Metro Contractors, a limited partnership, which cannot pay its debts. Lucy ispersonally liable for the debts____ 12. Venture Capital, LP, is a limited partnership. Its limited partners include more than 150 sophisticatedinvestors and investment professionals. A Venture limited partner loses his or her limited liability if he or shea. acts as the firm's manager.b. does not participate in the firm's management.c. invests in Unified Fund, one of Venture's competitors.d. votes on the firm's sale or dissolution____ 13. Dani is considering forms of business organization for her financial advisory firm. Like most states, Dani'sstate requires that to form a limited liability company, she must file with a central state agency____ 14. StartUp Investors, LLC, is a limited liability company without a written operating agreement. Among themembers, a dispute arises concerning the division of profits. Under most LLC statutes, the profits will be
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