Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A bought a secondhand car. He told B that he would give B half the profit of its sale if B would repair the

1. A bought a secondhand car. He told B that he would give B half the profit of its sale if B would repair the car. B did not repair the car. A hired C to do the work and later sold the car at a profit. Does a partnership exist between A and B? Is B entitled to a profit? Explain.

2. A and B entered into an agreement to form a partnership. Because of A's refusal to comply with the agreement, B brought an action to compel the execution of a partnership contract. May A be compelled against his will to carry out the agreement or execute the partnership papers?

3. Can a partnership be a partner of another partnership? Explain.

4. Do partners in a partnership have the duty to contribute due to losses?

Do they have to agree to a system of sharing losses? Explain.

5. A and B as couple, partnered with C. In the partnership agreement, since B love A so much and would not dare see her in distress in as much as the world turns upside down when she is in distress, it was proposed by B that A shall be excluded in any share for losses, if any. Is the provision valid? Explain.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contract Law Directions

Authors: Richard Taylor, Damian Taylor

8th Edition

0198870590, 978-0198870593

More Books

Students also viewed these Law questions

Question

1. Too understand personal motivation.

Answered: 1 week ago