We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>
+ Link For Assignments, GDBs & Online Quizzes Solution
+ Link For Past Papers, Solved MCQs, Short Notes & More
Dear Students! Share your Assignments / GDBs files as you receive in your LMS, So it can be discussed/solved timely. Files Upload Here.
Kareem is running a tea-stall in his small village. He has placed 4 tables in his stall and each table is surrounded by 2 chairs. On a recent sunny day, 8 people – A, B, C, D, E, F, G & H gathered in his stall. While enjoying the tea, they formulated following business deals:
a) A and B agreed to contribute Rs.1 lac each to start wheat farming after 6 months.
b) C and D agrees to start a small hotel by contributing Rs.2 lac and 1 lac, they further agreed to share the profit equally but in case of loss, it was agreed to be borne by C alone.
c) E and F decided to contribute funds to buy a “Torra” (local name of 50kg bag) of rice and then share the rice between them.
d) G and H agreed to start a school, for which the building is to be provided by the former. It was further agreed that H will share 50% of the fee collections while all the running expenses will be borne by H.
Discuss with reference to related provision/s of the Partnership Act 1932 whether the mutual agreements narrated above constitute any Partnership.
.+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)
+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)+ Click Here to Search (Looking For something at vustudents.ning.com?) + Click Here To Join (Our facebook study Group)
Please Discuss here about this GDB.Thanks
Our main purpose here discussion not just Solution
We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions. Read More>>
Discussed & be touched with this discussion. After discussion a perfect solution will come in a result at the end.
For Important Helping Material related to this subject (Solved MCQs, Short Notes, Solved past Papers, E-Books, FAQ,Short Questions Answers & more). You must view all the featured Discussion in this subject group.
For how you can view all the Featured discussions click on the Back to Subject Name Discussions link below the title of this Discussion & then under featured Discussion corner click on the view all link.
Or visit this link
Please Click on the below link to see…
P.S: Please always try to add the discussion in proper format title like “CS101 Assignment / GDB No 01 Solution & Discussion Due Date: ___________”
Mr. B relinquishes the balance amount pending towards Mr. Shaban, a debtor of the firm.
Is issue ka matlab yehi hai na ke MR. B ne Mr. shaban jo ke debtor han firm ke un ka jo due payable amount hai wo maaf kar diya ?
Mujhe lagta hai ke MR. B baghair remaining partners ki consent liye baghair aisa nahi kar saktey hain tu q Mr. shabaan firm ke debtor hain Mr. B baghair consent liye baaki partners ki Mr. shabaan ki liability khatam nahi kar saktey . Agar agreement main likha hai ke MR. B ke paas ye ikhteyaar hai tu alag baat hai
koi or bhi solutin bataye ga
baba bhai ye solution thek hai kia???
Dear Students Don’t wait for solution post your problems here and discuss ... after discussion a perfect solution will come in a result. So, Start it now, replies here give your comments according to your knowledge and understandings....
A) Section 7 partnership at will B) Section 8 Particular Partnership C)No Partnership D) section 8 Particular partnership
Partnership is a relationship between persons who have agreed to share the profit of the business carried on by all or any one of them .
Partnership has some factors like
carried by all ore any one of them.
When all these factors completed then we can say partnership according to partnership act 1932.
(a)A and B agreed to start farming but it not fulfill the partnership conditions like profit sharing etc
(b)C and D have partnership .because their deal complete all partnership factors .Loss is not mentioned in partnership act but partners can add in partnership deed by mutual agreement.
(c)E and F have no partnership because their deal not fulfill the partnership conditions like business and profit sharing
(d)G and H have no partnership according to the partnership act because their deal not fulfill the all partnership factors like .profit sharing .