Law on business organization - In ABC Restaurant A and B are capitalist partners while C is an industrial partner Because A and B are far from the

Law on business organization - In ABC Restaurant A and...

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In ABC Restaurant, A and B are capitalist partners while C is an industrial partner. Because A and B are far from the business site, they have entrusted C to oversee the business operation. They agree to share the profits with a ratio of 2:3:1. One month later, they hired D to become the chief cook. Who among the partners may have contributed cash or property? A and B A party who is active and known to the public. Ostensible partner Which of the following entities is a partnership? John & Marsha’s Salon Partnership which failed to comply with all of the legal requirements. De facto partnership In ABC Restaurant, A and B are capitalist partners while C is an industrial partner. Because A and B are far from the business site, they have entrusted C to oversee the business operation. They agree to share the profits with a ratio of 2:3:1. One month later, they hired D to become the chief cook. Who among the partners contributed his expertise to form and manage the business C Partnership where no period is fixed by the parties for its duration . Partnership at will John and Mark made an oral promise to contribute to their partnership money worth P10,000.00 each within one year from their agreement. After a month, the partnership made a profit of Ph15,000.00 If no sharing of profits and losses were agreed upon, what will be their profit sharing ratio 1:1 Which of the following entities is a partnership? Isla Lipana & Co. Which of the following entities is a partnership? Carpio Law & Associates John and Mark made an oral promise to contribute to their partnership money worth P10,000.00 each within one year from their agreement. After a month, the partnership made a profit of Ph15,000.00 The partners haven't withdrawn any amount from the business and they have not added any additional capital either. The profits from the business were added to their capital. How much will be the current capital of the partnership Php 35,000.00 Which of the following is not included in the group? Limited partnership A capitalist partner is a party who contributes money or property. True Chucky and Karyl formed a partnership named ChuKa Enterprises. Chucky contributed cash worth Php100,000.00. Karyl shall contribute her services to the partnership as well as capital worth Php50,000.00, thus making her a capitalist- industrial partner. They have agreed that Karyl shall receive bonus worth 15% of the profit before bonus. The remaining profit shall be divided equally. The business had a profit of Php600,000.00 Php 255,000.00 A contract of partnership is preparatory. This means that its existence does not depend on any other contract. False Norman, Earl, Armie and Rose formed a partnership named NEAR Enterprises. Norman Earl and Armie had capital contributions worth Php40,000.00, Php600,000.00 and Php 30,000.00
Php80,000.00 respectively. Rose did not contribute for the capital; instead, she will render her services as the industrial partner of the business organization. They have agreed that the industrial partner shall receive a bonus of 10% of the profit before bonus, division of the remaining profits was not agreed upon. The business had a profit worth Php600,000.00. How

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