Question
C and B entered into a contract of partnership for a fixed term of two years. C as capitalist partner and I as the industrial
C and B entered into a contract of partnership for a fixed term of two years. C as capitalist partner and I as the industrial partner. They agreed to share cumulative profits equally at the end of the term of the partnership. On 2019, the partnership had an income of P20,000 and on 2020 had a loss of P10,000.
How much is the share of I in the partnership at the end of its operation? Why?
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Business Law and the Legal Environment
Authors: Susan S. Samuelson, Jeffrey F. Beatty
7th edition
1285860381, 978-1305445864, 1305445864, 978-0357689646, 978-1285860381
