If a person takes his or her clothes to the cleaners, that is an example of a mutual benefit bailment. – true
In a general partnership, no papers need to be filed with the state to establish the legal existence of the partnership.
In a limited liability company (LLC), the owners are called partners.
In a limited partnership (LP), a limited partner can act as a surety for the partnership without losing the limited partner status.
A special agent for a principal is someone who can make contracts for all business affairs of the principal.
As a general rule, a principal is not legally responsible for the acts of an independent contractor.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
