User Account

All Pages

Discuss the ways for dissolution of a partnership

Assignment Help Business Law and Ethics
Reference no: EM13524353

QUESTION 1 

Raju and Kamala set up a consultancy firm under the name of Expert Consultancy in June 2000. The partnership agreement clearly stated that the partnership shall remain for a ten year period. In December 2010, Kamala took a personal loan amounting to RM100,000 from Bank Business but failed to pay three installments. Kamala later assigned her interest in the firm to Bank Business. Raju was not happy with the assignment and gave a notice to Kamala for dissolution of the firm. Raju decided that if Kamala refused to accept the notice, he would apply for dissolution by a court order. 

Discuss: 

a) The right of Kamala to assign her interest in Expert Consultancy to Bank Business. 

(10 marks) 

b) Discuss the ways for dissolution of a partnership. What are the grounds that Raju could use to apply for dissolution of partnership by way of court’s order?

Verified Expert

Reference no: EM13524353

Questions Cloud

What is the net force in unit-vector notation : If a 1.00 kg body has an acceleration of 8.29 m/s2 at 79° to the positive direction of the x axis, what is the net force in unit-vector notation
What is the annual coupon rate on this bond : The current price of a 10-year, $1,000 par value bond is $1,158.91. Interest on this bond is paid every six months, and the simple annual yield is 14 percent. Given these facts, what is the annual coupon rate on this bond?
Find her velocity when her feet hit the water : A swimmer bounces straight up from a diving board and falls feet first into a pool. She starts with a velocity of 4.00 m/s, and her takeoff point is 1.50 m above the pool. What is her velocity when her feet hit the water
Determine the cost of goods manufactured : The Zoe Corporation has the information for the month March. Determine the cost of goods manufactured, and (b) cost of goods sold.
Discuss the ways for dissolution of a partnership : Discuss the ways for dissolution of a partnership. What are the grounds that Raju could use to apply for dissolution of partnership by way of court’s order?
Find the pitch of the micrometer : The edge of the thimble of a micrometer moves a distance of 2.0 mm when it is given four complete revolutions. Find the pitch of the micrometer
Find how many electrons are missing from each ion : When two identical ions are separated by a distance of 8.3×10?10m , the electrostatic force each exerts on the other is 5.4×10?9N How many electrons are missing from each ion
Process further sales value of processed product : Determine whether each of the joint products should be sold as is, or processed further
Determine for how long in time was the hare stationary : A hare and a tortoise compete in a race over a straight course 1.40 km long. The tortoise crawls at a speed of 0.280 m/s toward the finish line. For how long in time was the hare stationary

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Explain your decisions regarding the program and what

in this assignment you will identify a criminal problem in your community and design a community corrections program

  International and comparative law

International and Comparative Law

  What threshold must be crossed before a trial

What threshold must be crossed before a trial is said to be so prejudicial, due to context and publicity, as to interfere with a defendant's Fifth Amendment due process right to a fair trial?

  A split sentence is one in which a juvenile is waived to

a split sentence is one in which a juvenile is waived to adult court and then given a juvenile sanction and an adult

  What are automobile search rules how have the laws and

what are automobile search rules? how have the laws and rules of automobile search rules changed in the criminal

  The completed week three section of the security assessment

write a 1400- 1750-word paper that discusses how security officials manage identified vulnerabilities regarding natural

  Dissenting opinions expressed concern about the door

Identify two reported cases that have impacted the evidentiary process or analysis in digital forensic cases; will cite the case and summarize the issue before the court

  The media that have ethical implications

Provide a number of cases from the media that have ethical implications

  Explain hazard communication standard

Explain Hazard communication standard and Explain how this standard applies to the workplace and What should employers do in order to be compliant with this standard

  Describing each team members ethical learning style from

writenbspa 1050- to 1400-word paper describing each team members ethical learning style from the eai which was due in

  Compare and contrast

"compare and contrast two of the eight categories that attempt to explain criminal behavior".

  Explain cybercrimes for it professionals

Explain Cybercrimes for IT Professionals and You are a legal expert who has been asked by a corporation to speak on the advantages of the cyber-court network

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd