Question
Melody, Longan and Teacup formed a partnership business in 2015, namely MLT Supermart (MLTS).In 2020 due to the pandemic of coronavirus (COVID 19), their business
Melody, Longan and Teacup formed a partnership business in 2015, namely MLT Supermart (MLTS).In 2020 due to the pandemic of coronavirus (COVID 19), their business suffered cash flow problem. Teacup then took a loan of RM10,000.00 from her brother, Sony and she even issued an official receipt with MLTS name. The said money was deposited in the partnership account and used for business purposes.
What is the issue and case that suits the question??
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
Smith and Robersons Business Law
Authors: Richard A. Mann, Barry S. Roberts
16th edition
978-1285428253, 1285428250, 978-1305176614, 1305176618, 978-0357700310, 978-0538473637
