Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ebhrahimi v westbourne galleries ltd case This situation we had ebrahjim and nazar equal partners in this importation? business of expensive oriental carpet. Overtime they
ebhrahimi v westbourne galleries ltd case This situation we had ebrahjim and nazar equal partners in this importation? business of expensive oriental carpet. Overtime they formed a company for whatever reason. Nazar son came in as a shareholder and father and son voted to remove ebhrami as a director. Again this case has money in this business, ebhrami want to get it out. No longer able to participate in the business as he was able to when he was originally a partnership. He wants his money out. I think it is not necessary to go back to the partnership thing it can be done under the company legislation. The court said let have a look at this as a quasi partnership. So they have a partnership partners have a right to manage the business. They took the partnership enter? We look at this as a lifting veil case. Took it in there if you are not permitted to act as a director in one of these quai partnership companies, then it is appropriate to wind it up. So in this situation, court said yes you can wind up the partnership so appropriate here. It is just we got power to do that, its fair we should wind up the business, we should liquidate it , you go your separate way and you take your money with you
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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
Get Started