Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NEED HELP. business law 1. Basir was a sleeping partner in a business of cinema proprietors carried on by another partner named Maslam The partnership

NEED HELP. business law

1.

image text in transcribedimage text in transcribed
Basir was a sleeping partner in a business of cinema proprietors carried on by another partner named Maslam The partnership agreement provided that no partner should contract any debt on account of the partnership without the consent of the other partners except in the usual and regular course of business. Maslam borrowed money from Haris, stating that it was for the purposes of the firm, In fact, he never had the intention of using the money in the business and misapplied it. Haris then sued the firm to recover the sum lent Based on the facts above: (a) Advise Haris as to his rights against the firm. (12 marks) (b) Explain if your answer would be different if Haris knew about the restriction on the borrowing power of the partners. (8 marks) Support your answer with relevant statutory provisions of the Partnership Act 1961 and decided casesCase study business law Title: Discuss and Identify the legal principles in the case of Fardon v Harcourt-Rivington [1932] 146 L.T using Issue, Law, Application, Conclusion (ILAC) method AND find the latest cases similar to the previously mentioned case which has the same facts and legal principles in it

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

Step: 3

blur-text-image

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

Criminal Law Cases And Materials

Authors: Cynthia Lee, Angela Harris

4th Edition

1683284062, 978-1683284062

More Books

Students also viewed these Law questions

Question

How does selection differ from recruitment ?

Answered: 1 week ago

Question

Values: What is important to me?

Answered: 1 week ago

Question

Purpose: What do we seek to achieve with our behaviour?

Answered: 1 week ago

Question

An action plan is prepared.

Answered: 1 week ago