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Simple English definitions for legal terms

trading partnership

Read a random definition: quasi-crime

A quick definition of trading partnership:

A trading partnership is when two or more people work together to run a business and make money by buying and selling things. They share the profits and losses. There are different types of partnerships, like a general partnership where everyone is equal, or a limited partnership where some people invest money but don't have as much say in how the business is run. Sometimes partnerships are formed just for one project or event. If someone pretends to be in a partnership but really isn't, they can still be held responsible for any debts the partnership owes.

A more thorough explanation:

A trading partnership is a type of partnership where the primary business involves buying and selling goods or services. It is a voluntary association of two or more people who jointly own and operate a business for profit. Under the Uniform Partnership Act, a partnership is presumed to exist if the persons agree to share proportionally the business's profits or losses.

For example, two friends decide to start a clothing store together. They agree to share the profits and losses equally. This is a trading partnership because their business involves buying and selling clothes.

Another example is a partnership between two farmers who grow and sell crops together. This is also a trading partnership because their business involves buying and selling agricultural products.

Trading partnerships are different from other types of partnerships, such as family partnerships or limited partnerships, because their primary focus is on buying and selling goods or services.

trading curb | trading voyage

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LOL they love our tears
I mean, you got to be a bit of a sadist to be in adcoms lol
JumpySubsequentDolphin
11:09
does WUSTL send emails or call?
JumpySubsequentDolphin
11:09
or both?
11:10
I got a call first
JumpySubsequentDolphin
11:10
I interviewed like two weeks ago, not sure how quick they get back to peeps post interview
JumpySubsequentDolphin
11:10
but my interview was a disaster so not holding onto hope
Late to the party but my name is Paul Leachman in Delray Beach, FL (WashU pls respond)
11:11
Why is it taking so long for WashU to get back to me. Ppl are getting acceptances in a month or less
letsseehowitgoesnow
11:11
...
triplethread
11:11
@BookLover125: RETWEET
triplethread
11:12
is it bad i lied about getting into case western bc my parents are bugging me about my first a
@BookLover125: they are so impressed with your application they are renaming the library after you before admitting you
Do you know not everyone says they were ED?
11:12
No they shouldn’t be bugging you this is stressful enough without them adding More. Do what u gotta do
11:13
Got jokes I see
triplethread
11:13
its sooo stressful and im not even done applying
Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
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