7/21/2019 WWW July 11 Outline

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1. The reason of the distinction between Capitalist and Industrial

partner re prohibition,Can a capitalist partner be prohibited?

2. What happens if promise contribution is not delivered, no

demand needed unlike law in oblicon3.Parnership selling car and because of demand from customer

on sales on credit, capitals exhausted endangering the business.

-what can you suggest

-in case one partner refuses what is the remedy

4. Same situation but this time .. 2 left and able to convince the

govt to buy 20 cars and such be delivered in two weeks but the

manufacturer will not deliver unless paid in cash

-can you compel? no

5. Same sit but this time with PNP.

- can you compel? Yes if the reason is financial incapacity but

if reason its to use money to other venture, can compel to

sell share.

6. 1791 compelling the partner to conti in case of imminent lose.7 We distinguished mgt of partnerships and corporation

8. Situation . patnersthip ABC and A designated as managing

partner.

-can he engaged in business?

-

9. situation where the managing partner and the partnership are

creditor of the same debtor. The debtor X pays to managingpartner, hows it applied

10: Situation . Christimas time.

11: Real Esatate agent about to close deal, went to bar with

potential buyer spent 5000 but did not buy

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-can you demand for what you spent?

-in add to that, on way home car figured accident, totally

wrekced and pedistrian died. Is the partnership liable? Partnerwants 1m reimbursed since he bought huge money to business.

12. Then we went back to the business where the potential buyer

agreed to buy for reduced price. Upon recaptuing parnrterhips

realised the suffered loss instead

13. Business loss vs damage.

14: Who bears the risk of loss.

15. Rule of Contribution, Profit for Cap and Ind Partners