24. Under the facts of the immediately preceding question (No.18), Janice may ask for the inspection of the partnership books so she can participate in
24. Under the facts of the immediately preceding question (No.18), Janice may ask for the inspection of the partnership books so she can participate in the management of the same. Select your answer 25. Reynolds Melissa, Nina, and Virginia are partners in a business that was in danger of closing down for lack of operating capital. Reynolds Melissa, and Nina came to a decision that all should contribute additional amounts to save their business. Virginia refused to contribute, arguing that as an industrial partner she is exempted by law. Virginia's contention is Select your answer 26.A partnership formed strictly in compliance with all the requirements of the law is termed Select your answer 27. Carpio, Morales, Perlas, and Francisco is the name of a firm of lawyers. Francisco died. The remaining partners may continue to use the name of Francisco in the firm name to take advantage of his great reputation as a trial lawyer. Select your answer 28. Under the facts in the immediately preceding question (No.27), assuming that Veronica entered into a contract for the partnership while still on such a vacation as mentioned above, the contract binds the partnership and her other living partners. Select your answer 29. Still under the same facts No.27, the properties which Marcos left behind after his death are answerable for all obligations of the partnership incurred before his death
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance