Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. In 2015, Sharon, Micah, Oana and Marlon formed a general partnership. Being a capitalist partner Micah and Sharon contributed Php200,000 each. Oana and Marlon

1. In 2015, Sharon, Micah, Oana and Marlon formed a general partnership. Being a capitalist partner Micah and Sharon contributed Php200,000 each. Oana and Marlon contributed their industry. All of them decided to have Oana and Marlon to be their managing partners. During the operation, Zandra was hired as cashier, while Zandro was hired as driver by the managing partners. The appointment of Zandra was opposed by Sharon and Micah while the hiring of Zandro was disliked by Oana and Micah. QUESTION: Did the hiring of 2 staff proper and valid in the light of partnership laws? Explain your answer

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

Life Audit Journal What Is My Why

Authors: A S

1st Edition

B08F6TXV7Z, 9798672209692

More Books

Students also viewed these Accounting questions

Question

Describe the appropriate use of supplementary parts of a letter.

Answered: 1 week ago