Hassan, Ibrahim and Thamer decided to form a partnership to purchase a vessel as a nucleus for the project to establish a marine navigation company. The share of each of them was a third, and they agreed that Thamer would take over the management of the vessel, as he was in the past a ship master. However, in one day, Thamer was surprised by a letter sent from Ismail informing him that he had levied a provisional seizure on the ship as a whole in order to fulfill a good debt owed to him by Hassan. Thamer kept thinking about how to get out of this problem, so what is the solution from your point of view? And would it be different if Hassan had sold his share in the ship to Ismail? what is the rule of law governring this caseQuestion One $-$Ramez, Bahas, and Thamer invested $$46,000,$$$62\mathrm{.}000,$ and

$$70,000,$ respectively, in a partnership, During its first calendar year, the firm

eamed $$359,100.13$ marks $-($L$.$Os A$1,$ B$3,$ CI$)$

Required: Calculate the capital balanee of each partner after allocating the

$$359,100$ net inceme under each of the following separate axsumptions:

The partners did not agree on a plan, and therefore share income equally, $2$

The partners agrecd to share insome and loss in the ratio of their begining

capital investments, $2$

The parthers agreed to shere ineome and loss by providing annual salary

allowances of $$39,000$ to Ramer, $$34,000$ to Hahas, and $$46,000$ to Thamer

granting $10\%$ interest on the partners" beginning capital imertments; and

sharing the remainder equally. $4$

When you know that the firm only made $150,000$ in ret income for the

following year, how will your distribution to income change if they have the

same agrecinent in scenarlo $3,4$