FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In a Simple Commandate Company there are four partners, A, B, C and D. In this partnership, A, B, C are silent partners and Mr.

image text in transcribed
In a Simple Commandate Company there are four partners, A, B, C and D. In this partnership, A, B, C are silent partners and Mr. D is an acting partner. The company has borrowed 10 Million AED from a Bank and Mr. D paid all the debt (10 Million). Question: whether Mr. D can recover money from the other partners, what are the options for him

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_2

Step: 3

blur-text-image_3

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

The Controllers Toolkit

The Controllers Toolkit

Authors: Christine H. Doxey

1st Edition

1119700647, 9781119700647

More Books

Students also viewed these Accounting questions

Question

★★★★★
Your client comes to you with the following bond portfolio and wants to know which bonds that he / she should sell to buy into a high quality dividend strategy that is currently producing a 3% yield....

Answered: 1 week ago

Question

★★★★★
In Exercises 9192, you are dealt one card from a 52-card deck. Find the probability of Getting an ace or a king.

Answered: 1 week ago

Question

★★★★★
Give eye contact, but do not stare.

Answered: 1 week ago

Question

★★★★★
Prepare common-sized balance sheets and income statements for Just for Feet for the period 19961998. Also compute key liquidity, solvency, activity, and profitability ratios for 1997 and 1998. Given...

Answered: 1 week ago

Question

★★★★★
Ken just secured a loan to purchase new furniture for his house at a cost of $15,000. The loan calls for weekly payments for the next 5 years at an annual interest rate of 10.15 percent. How much are...

Answered: 1 week ago

Question

★★★★★
You can develop your personal finance skills by conducting an Internet search for related articles. Find a recent online article about personal finance that reinforces one or more concepts covered in...

Answered: 1 week ago

Question

★★★★★
The real risk-free rate (r*) is 2.8% and is expected to remain constant. Inflation is expected to be 7% per year for each of the next two years and 6% thereafter. The maturity risk premium (MRP) is...

Answered: 1 week ago

Question

★★★★★
2) Share what interested you in taking this course and what you hope to get from taking the course. There have been college-wide discussions regarding concerns with grading in online courses....

Answered: 1 week ago

Question

★★★★★
Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is added evenly throughout each process. Direct materials are added at the beginning...

Answered: 1 week ago

Question

★★★★★
Cost of Goods Manufactured Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $127,000 of materials. Also during the month of June, Slapshot Company incurred...

Answered: 1 week ago

Question

★★★★★
Finally, 21st Century is also considering Project Z Project Z has an up-front after-tax cost of $500,000, and it is expected to produce after-tax cash flows of $100,000 at the end of each of the next...

Answered: 1 week ago

Question

★★★★★
2. A liquid is heated in a lab using a hot plate. The graph of temperature vs. time is as follows. Temperature of Solution Temperature (C) 888R 8 8 8 8 8 9 110 200 10 20 40 50 60 70 90 Time (min)...

Answered: 1 week ago

Question

★★★★★
=+Now write the same commercial as a 15-second spot. What copy could you eliminate and still deliver the same message?

Answered: 1 week ago

Question

★★★★★
=+The TV spot should be for an unusual flavor of Jones soda like the following: a. Turkey & gravy b. Broccoli and cheese c. String bean casserole d. Pumpkin pie

Answered: 1 week ago

Question

★★★★★
=+Think about the kinds of talent you will be casting, so you have their voices and images in your mind.

Answered: 1 week ago

Previous Question Next Question