Which of the following is true of a limited partnership agreement?
A) It provides that all transactions must be approved by all partners.
B) It does not contain information about dissolution of the partnership as it is an agreement of formation.
C) It provides that general and limited partners have equal voting rights.
D) It sets forth the terms and conditions regarding the termination of the partnership.
D
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Packwood was driving very late at night (early in the morning?) on a deserted street when he came to a red light. He decided to run the red light since he thought no one was around. Alas, Packwood didn't see Nigel who was crossing the street with the "walk" signal. Packwood hit Nigel who was injured. Nigel sued Packwood due to this incident. Which of the following best characterizes this incident?
A. Negligence. B. Intentional tort. C. Special damages. D. General damages.
Which of the following statements is true about the current monetary system?
A. Use of instruments such as the forward market and swaps has decreased since the breakdown of the Bretton Woods system. B. The present monetary system lacks the volatile movements in exchange rates that existed in a fixed exchange rate system. C. The current foreign exchange market works exactly as depicted in the purchasing power parity theory. D. Instruments such as the forward market and swaps increase the foreign exchange risk a company faces. E. A combination of government intervention and speculative activity drives the current foreign exchange market.