Question 1
Include your discussion question in the form below, as well as the answer to the
question and the answer source.
—hat are the differences between general partners and limited partners in a
limited partnership?
Question 2
Action Items
repare a case study that requires critical thinking. The case study should
include related questions and guiding answers.
o J.C., Inc., had a franchise agreement with McDonaldàCorporation to
operate McDonaldàrestaurants in Lancaster, Ohio. The agreement
required J.C. to make monthly payments to McDonaldàof certain
percentages of the gross sales. If any payment was more than 30 days
late, McDonaldàhad the right to terminate the franchise. The
agreement also stated that even if McDonaldàaccepted a late
payment, that would not ïnstitute a waiver of any subsequent
breach.’esources
1. Textbook
‹ubasek, N. K., Brown, M. N., Herron, D. J., Giampetro-Meyer, A., Barkacs, L.
L., Dhooge, L. J., & Williamson, C. (2012). Dynamic business law (2nd ed.,
Custom Publish). New York, NY: McGraw-Hill. ISBN:0-07-757264-5.

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