subject
Business, 17.01.2020 06:31 daniecott

Toggle owns a controlling interest in the lmn partnership. the partnership agreement allows sale of all, or substantially all, of the partnership's assets upon majority vote. toggle votes his controlling interest in favor of selling an important lmn asset to a corporation that he controls at a price to be set by an independent third-party appraiser. there is notice to all partners of the proposed transaction and a partnership vote. toggle votes using his controlling interest, in favor of the sale. minority partners sue, alleging that toggle has violated his obligation of good faith and fair dealing. which of the following is true? a. toggle has violated his obligation of good faith and fair dealing. b. toggle has also violated his duty to avoid conflicts of interest. c. a and b. d. none of the above.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:00
Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations
Answers: 3
question
Business, 22.06.2019 03:00
Which of the following is not a consideration when determining your asset allocation
Answers: 3
question
Business, 22.06.2019 10:30
What are the positive environmental trends seen today? many industries are taking measures to reduce the use( _gold,carbon dioxide,ozone_) of -depleting substances and are turning to(_scarce,renewable,non-recyclable_) energy sources though they may seem expensive. choose one of those 3 option to fill the
Answers: 3
question
Business, 22.06.2019 11:00
Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?
Answers: 3
You know the right answer?
Toggle owns a controlling interest in the lmn partnership. the partnership agreement allows sale of...
Questions
question
Spanish, 10.05.2021 22:40
question
Mathematics, 10.05.2021 22:40
question
English, 10.05.2021 22:40
Questions on the website: 13722360