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A partner may pursue his or her own interests so long as his or her actions do not violate the duty of loyalty or care to the partnership.

The death of a limited partner dissolves a limited partnership.

The federal government regulates franchising in part through the Franchise Rule.

Champions Corporation licenses the trademarks to its products to Direct Marketing, Inc., to reproduce on caps, sweatshirts, and similar goods for sale. This is

One factor that frequently causes the courts to pierce the corporate veil is that a corporation was set up never to make a profit.

The federal government regulates franchising in part through the Franchise Rule.

​The board of directors makes corporate policy decisions.

One factor that frequently causes the courts to pierce the corporate veil is that a corporation was set up never to make a profit.

In most states, an individual can be an officer or a director of a corporation, but not both at the same time.

Selections, a general partnership, operates a gift shop. Selections has five partners. Tony has a one-third interest in the partnership. Each of the other partners has a one-sixth interest. With respect to management decisions