True Clause Samples
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True. Source documentation does not have to be stored in the CDBG project files if it is readily available to be reviewed by the grantee, HUD, or other authorized representatives. In general, however, subrecipients will find that it is more efficient in the long run to maintain as much project information as possible in files specifically dedicated to their CDBG activities.
True. Although the Federal Government reserves a copyright license on such work, it is a
True. Short Answer: Switching filters does not change the reconstruction con- ditions, only the filters. Furthermore, since the right-hand side of the conditions is not dependent on z, changing z → z−1 does not change the result.
True. A partnership firm is not a distinct legal entity and therefore can’t own any assets. The partners own the assets of the firm
True. Concept of agency applies to every partner and the firm as well. So each partner is a principal to and agent of every other partner and to the firm.
True. Yes loan can given to the firm by the partner in addition to the capital. Where the partnership deed is absent, then the interest shall be paid at a minimum of 6% per annum. So the interest on the loan to be paid to the partner.
True. An honest salesperson would never rush you to sign anything without giving you time to review what you are signing.
True. Yes as per the provisions of the law- it is necessary that the interest on loan at 6% per annum shall be paid to the concerned partner.
True. Profit sharing can be different from the that of the capital introduced by each of the partner. Not necessary that partner contributing more capital should have a higher profit sharing ratio and vice versa.
True. When there is no partnership deed then the provisions of the Indian Partnership Act are to be applied for settling the dispute. Interest on loan is payable @ 6% p.a. as per Indian Partnership Act