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Jim, Rob and Emily are partners in a limited liability partnership where they practise law. Jim's initial contribution was $30,000, Rob's was $20,000 and Emily's was $10,000. The partners agree that profits and losses will be shared in proportion to their capital contributions. Jim is sued $60,000 for negligence. How much can he collect from Rob?

A) $60,000
B) $30,000
C) $20,000
D) $10,000
E) Nothing

On Jun 25, 2024


E
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In the analysis of queuing models, the Poisson distribution often describes arrival rates and service times are often described by the negative exponential distribution.

On Jun 25, 2024


True
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John promises to pay Robert $100 per week,in exchange for Robert's promise not to beat John up.There is no consideration for John's promise.

On May 28, 2024


True
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An economy recently had 800 billion euros of saving and 600 billion euros of net capital outflow. What was its investment? What was its quantity of loanable funds supplied?

On May 26, 2024


200 billion euros, 800 billion euros