Question
Mark, Robin and Harry formed a business partnership and named it Tahimik Lang Enterprises. The partnership is engaged in sound proofing technology for recording studios.
Mark, Robin and Harry formed a business partnership and named it Tahimik Lang Enterprises. The partnership is engaged in sound proofing technology for recording studios. Robin, a singer, contributed PhP 200,000.00 and Harry, a dancer, contributed PhP 150,000.00. Mark, on the other hand, contributed PhP 75,000.00.
During the formation of the partnership, Robin and Harry thought it best to assign Mark to be the managing partner of the partnership being the only one who has engineering expertise.
Mark wanted to accept the project of building a sound proof garden for Mr. Fernando, a son of a deceased wealthy gold trader known to have defrauded other traders, having complained that while he was camping one night he heard people singing Bed of Roses in Diosdado Macapagal Avenue. The Project cost is 28 billion pesos.
Robin did not want to accept the project because of it will have reputational risks as Mr. Fernando is suspected to be a druglord. Harry, on other hand, thinks that the engagement is profitable sides with Mark.
Mark proceeded with the project. Robin questioned it. If you were consulted by Harry whether the opposition of Robin will impact the contract with Mr. Fernando, how will you advice him?
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