Difference between revisions of "RNR Investments"

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(Created page with "== Holding == Under RUPA, third parties do not have to inspect a partnership agreement or make inquiry about the apparent authority, even if they have a reason to question it. T...")
 
(No difference)

Latest revision as of 02:09, 6 December 2010

Holding

Under RUPA, third parties do not have to inspect a partnership agreement or make inquiry about the apparent authority, even if they have a reason to question it.

There is a two step process to find out if there is partnership liability:

  1. Is business being carried on in the usual way?
  2. Did the third party have notification of the that the partner lacked authority.