Engineering Economics
Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence.

Corporation
Partnership
Organization
Property

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Engineering Economics
In case of bankruptcy of a partnership,

The partners are not liable for the liabilities of the partnership
The partners personal assets are attached to the debt of the partnership
The partners nay sell stock to generate additional capital
The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities

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Engineering Economics
In a cash flow series:

Uniform gradient signifies that an income or disbursement changes by the same amount in each interest period
The gradient in the cash flow may be positive or negative
All of these
Either an increase or decrease in the amount of a cash flow is called the gradient

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