MGT611 GDB Fall 2019 Solution & Discussion Last Date: 13-01-2020
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MGT611 Business & Labor Law GDB Solution & Discussion Fall 2019
1. Mr. A has a valid claim. Mr.A provided his shop as office to the firm without any consideration and without passing any entry in the capital contribution. There is no agreement between Mr.A and other partner. So, Mr. A can withdraw his shop for personal use.
2. A partner is an agent of the firm if a partner enters into a contract with third party other partner are bound to fulfill this contract . Here Mr. A has implied authority . He can enter into a contract with Mr. Zee(for bulk quantity of used monitors) on the behalf partners. All other partners are jointly liable for this contract.
3. Legally partner does not have any authority to veiling wish a debts without the consent of other partner. If a partner does any act, he will be personally liable to pay such amount to all other partners. Here Mr. B does not have any authority to veiling wish the balance towards Mr. Shaban. He will be personally liable to pay such amount to all other partner.