Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A1 Riza and Partners is an ordinary partnership specializes in trading motorbike spare-parts. Riza, Din and Zul are partners of the firm. Din is a

A1 Riza and Partners is an ordinary partnership specializes in trading motorbike spare-parts. Riza, Din and Zul are partners of the firm. Din is a sleeping partner. The business appears to be successful. However, recently the business has suffered losses. Zul has his own business with his own family who trade in car spare-parts. It is a well-known fact to Riza and Din that Zul spends a lot of efforts in the family business trading in car spare parts. Riza and Din however want Zul to share the profits with them since Zul has neglected his duties owed to their partnership business. Riza has recently started to use the business van for his personal reasons without asking for the consent of both Din and Zul. They have fallen out and Riza wants to leave the partnership and to take his printer with him. Din and Zul disagree and insist that it is part of the partnership property. The printer, bought using Riza's money is used by other partners for their convenience in printing receipts and invoices for their customers. Answer ALL the following questions: - a) Explain the liability of Din as a sleeping partner for the business contracts and debts. (5 marks) b) Evaluate the scope of the duty owed by Zul to the partnership, to decide if he is acting against the interest of the firm's business by actively running his own business as a sideline. (10 marks) c) Apply the relevant legal rules regarding partnership property in solving Riza's legal disputes with his partners; first over the unauthorised use of the business van for his personal reasons and the ownership of the printer. (10 marks)

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

Criminal Law A Contemporary Approach

Authors: Russell Weaver, John Burkoff, Catherine Hancock

4th Edition

1684679028, 978-1684679027

More Books

Students also viewed these Law questions