Fendt Favorit 3, Bauzeit 1964 - 1967 (2008-06-14) Ret
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Fendt Favorit 3, Bauzeit 1964 - 1967 (2008-06-14) Ret
Fendt is a German agricultural machinery manufacturer founded in 1930 by Xaver Fendt in Marktoberdorf, Allgäu region, Germany. Fendt manufactures tractors, combine harvesters, balers, telescopic handlers and row crop planters. It was purchased by AGCO Corporation in 1997. History The craftsman family Fendt traces its history back some 350 years. The family became well known in Allgäu for producing tower clocks, lead strings and violins. The family also farmed as a sideline and had a small trade in agricultural equipment. Johann Georg Fendt, born on 16 August 1868, took over his father Franz Xaver's business in 1898 and began selling and servicing Deutz stationary engines, and in 1928 branched out into agricultural utility machines by building a motorized grass mower. The first Dieselross tractor was built in 1930 by the brothers Hermann (1911–1995) and Xaver Fendt (1907–1989) under the guidance of their father Johann Georg Fendt (1868–1933). In 1937, the compan ...
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A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited partner. Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability. The GPs are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership. As in a general partnership, the GPs have actual authority, as agents of the firm, to bind the partnership in contracts with third parties that are in the ordinary course of the partnership's business. As with a general partnership, "an act of a general partner which is not apparently for carrying on in the ordinary co ...
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