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a)Nick, Hassan and Anthony have decided to form a partnership business by opening a hardware shop in Cyberjaya. A customer went to the shop to

a)Nick, Hassan and Anthony have decided to form a partnership business by opening a hardware shop in Cyberjaya. A customer went to the shop to complain about a knife she bought from the shop a week ago and asked to refund the money. Nick was at the shop and trying to explain to the customer and became very angry. In the midst of the argument, Nick accidentally stabbed the customer with the knife. The customer wanted to take legal action against Nick for causing her grievous hurt. Hassan and Anthony are worried that they would also be charged together for causing grievous hurt to the customer since they are Nicks partners in business. Discuss. (10 Marks)

(b) Andy, Bob and Chris were old school friends and decided to form a partnership selling vegetables. Andy owned a piece of land in Cameron Highlands, Bob and Chris provided all the materials to do gardening and the manpower. They agreed to share the profits and losses equally but did not think it was necessary to enter into a written partnership agreement. The business was successful and after four years they increased the size of the land by using some of the profits to buy another plot of land. A few months ago they sold the business and dissolved the partnership. Discuss what constituted the partnership property, when the partnership was formed and how the proceeds of the sale of the business be divided. (15 marks)

(business law)

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