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Zeeshan started a small business of ready-made garments by taking a shop on rent. When the business became stable, Zeeshan brought his younger brother Ziad in the business for his help on 25% profit sharing basis only. Soon, with the hard work of both brothers, their business expanded and they wanted to purchase a larger shop for their growing business.
Zeeshan neither wanted to borrow money nor wanted to take bank loan. After much thinking, he decided to invite one more partner in his business for expansion.
Awais, a friend of Zeeshan, left the country some years ago, is nowadays living in Germany where he is doing job in a multinational organization. Zeeshan discussed his plan of expanding the business with Awais and he immediately agreed to invest on 50% sharing basis in the business and do not want to reveal his name.
At the initial stage, they owned only one large shop but due to success of the business in the new place, further expansion was required; after thoroughly thinking, Zeeshan asked his youngest seventeen-years-old brother (Waqar) to join them in ready-made garments business after his college classes. Waqar agrees to join them on 10% profit sharing basis.

After reading above case, mention the type of partner in the below table:

Sr.
Person
Type of Partner
i)
Zeeshan

ii)
Ziad

iii)
Awais

iv)
Waqar

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Replies to This Discussion

Please Discuss here about this GDB.Thanks

Sr.

Person

Type of Partner

i)

Zeeshan

Active Partner

ii)

Ziad

Sub Partner

iii)

Awais

Sleeping Partner

iv)

Waqar

Minor Partner

Just for Idea...Shukeriya
Thanks
See the attached file for idea solution of MGT211 GDB Spring 2011
Attachments:
Shukaria Tariq Bhai
tx for the idea , but wud u tell that from which chapter this GDB is ?
lecture no 5 page 39 of our hand book
Sr. Person Type of partner
1 Zeeshan Active partner (senior)
2 Zahid Active partner (junior)
3 Awais Sleeping partner
4 Waqar Incoming partner


Its just idea by Muhammad Adnan
Attachments:
i)

Zeeshan

Active Partner



ii)

Ziad

Sub Partner



iii)

Awais 

Sleeping Partner



iv)

Waqar 

Minor Partner
Sr. Person Type of Partner
i) Zeeshan Active Partner
ii) Ziad Sub Partner
iii) Awais Sleeping Partner
iv) Waqar Minor Partner

Question:

Zeeshan started a small business of ready-made garments by taking a shop on rent. When

the business became stable, Zeeshan brought his younger brother Ziad in the business for

his help on 25% profit sharing basis only. Soon, with the hard work of both brothers,

their business expanded and they wanted to purchase a larger shop for their growing

business.

Zeeshan neither wanted to borrow money nor wanted to take bank loan. After much

thinking, he decided to invite one more partner in his business for expansion.

Awais, a friend of Zeeshan, left the country some years ago, is nowadays living in

Germany where he is doing job in a multinational organization. Zeeshan discussed his

plan of expanding the business with Awais and he immediately agreed to invest on 50%

sharing basis in the business and do not want to reveal his name.

At the initial stage, they owned only one large shop but due to success of the business in

the new place, further expansion was required; after thoroughly thinking, Zeeshan asked

his youngest seventeen-years-old brother (Waqar) to join them in ready-made garments

business after his college classes. Waqar agrees to join them on 10% profit sharing basis.

After reading above case, mention the type of partner in the below table:

Sr. Person Type of Partner

i) Zeeshan

ii) Ziad

iii) Awais

iv) Waqar

After reading above case, mention the type of partner in the below table:

ANSWER FOR DISCUSSION AS SOLUTION OD GDB

Sr. Person Type of Partner

i) Zeeshan Active partner and Senior partner (BOTH)

ii) Ziad Active partner and Junior partner ( BOTH)

iii) Awais Senior partner and Sleeping partner and Incoming partner (all)

iv) Waqar Minor partner and Incoming partner and Partner in profit only

Zeeshan :- He takes active part in his garments business and manages its affairs

. he also contribute his share in the capital and is liable to pay all obligations of

the business. He is senior partner also as he pays a large amount of capital for

the business and has a prominent position in his business of garments.

Zaid:- He takes active part in his garments business and manages its affairs . he

also contribute his share in the capital and is liable to pay all obligations of the

business. He has small investment as compared to zeeshan and Awais and also

has a limited experience of the garments business so he is called junior partner .

Awais:- As he has only invested his capital and does not take part in active

business affairs and its managements so he is known as a sleeping partner. He

is liable to pay all obligations of the business. he is newly admitted in the

business so he is known as incoming partner too

Waqar:- He is minor partner as he can not be ib valid contract of the garments

business as he is just 17 years old and has the consent of all other partners and

he is share holder in profit only not in loss. As he is newly admitted in the

business so he is known as incoming partner too He is also not liable for any act

of the business performed before he become the partner unless he agrees to.

 

…………………………………………………………….

Other solution is……………?

 

 

) Zeeshan Active Partner
ii) Ziad Minor Patrner
iii) Awais Limited Partner
iv) Waqar Junior Partner

 

See the attached file please
Attachments:

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