Question
A. Analyn is a partner that contributes money and Brendalyn contributed her services to ANABREN PARTNERSHIP. As days passed-by partnership was opened that named BRENA
A. Analyn is a partner that contributes money and Brendalyn contributed her services to ANABREN PARTNERSHIP. As days passed-by partnership was opened that named BRENA PARTNERSHIP engaged in a RESORT business. ANABRENT partnership was engaged in a GROCERY business. Analy and Brendalyn wish to be a Partner of BRENA Partnership although ANABREN allow any industrial partner to be a partner too another partnership.
a. As a partner of ANABREN Partnership, will you allow Analyn to be a partner of BRENA Partnership? Yes or No Explain.
b. As a partner of ANABREN Partnership, will you allow Brendalyn to be a partner of BRENA Partnership? Yes or no, Explain
B. LINA, LINO & LULO are partners in a HARDWARE Partnership. The partners incurred a debt amounting to 1,000,000.00. Because they have no enough money to pay, they assigned the property of the Partnership. Under the law, Specific Partnership property is not assignable? Is the act of the partners allowed or not? Explain.
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