WitrynaIn case of imminent loss of the business of a partnership , the following partners are required to give additional contribution , except : a . ... The partners agreed to divide profits and losses in the following proportions: A, 35%, B, 25%, and C, 40%. If there is a profit of P10,000, ... WitrynaC, a capitalist partner and 1, an industrial partner agreed with the following profit or loss sharing terms. I will share equally in the profit and there is no agreement as to losses. …
Obligations of Partners - LAW ON PARTNERSHIP Chapter II
WitrynaARTICLE 1791. If there is no agreement to the contrary, in case of an imminent loss of the business of the partnership, any partner who refuses to contribute an additional share to the capital, except an industrial partner, to save the venture, shall be obliged to sell his interest to the other partners. (n) ARTICLE 1792. WitrynaArt. 1791. If there is no agreement to the contrary, in case of an imminent loss of the business of the partnership, any partner who refuses to contribute an additional share to the capital, except an industrial partner, to save the venture, shall he obliged to sell his interest to the other partners. (n) Art. 1792. cst meaning in vat
Ordinary Loss on Worthless Partnership Interests Is Still Alive
WitrynaIn case of imminent loss of the business of the partnership to save the venture. ... The partnership is bound to make good the loss: (1) Where one partner acting within the … WitrynaThere is no agreement that even in case of an imminent loss of the business the partners are not obliged to contribute. OBLIGATION OF MANAGING PARTNERS … Witryna36. A partnership is dissolved on the death of a: a. General partner b. Industrial partner c. General-Limited partner d. Limited partner e. None of the above. e. 37. In case of imminent loss of the business of a partnership, the following partners arerequired to give additional contribution, except: a. early hindu education