Juan, Pedro, and Maria are partners in JPM & Company. Juan and Pedro are capitalist partners, while Maria is an industrial partner. Juan and Pedro contributed Php10,000 each. A contractual liability of Php26,000 was incurred by the partnership in favor of Joseph. Joseph filed a case against JPM & Company and the individual partners. At that time, the partnership had capital assets of Php20,000 as contributed by the capitalist partners.a. If the contractual liability has been proven, how will the partnership and the partners be made to pay the contractual obligation in favor of Joseph? Provide the exact amounts; Max sentences: 6 (20 pts.)b. What will be Maria’s liability and recourse, if any? Max sentences: 3 (10 pts.)Answer each question separately.
Question
Juan, Pedro, and Maria are partners in JPM & Company. Juan and Pedro are capitalist partners, while Maria is an industrial partner. Juan and Pedro contributed Php10,000 each. A contractual liability of Php26,000 was incurred by the partnership in favor of Joseph. Joseph filed a case against JPM & Company and the individual partners. At that time, the partnership had capital assets of Php20,000 as contributed by the capitalist partners.a. If the contractual liability has been proven, how will the partnership and the partners be made to pay the contractual obligation in favor of Joseph? Provide the exact amounts; Max sentences: 6 (20 pts.)b. What will be Maria’s liability and recourse, if any? Max sentences: 3 (10 pts.)Answer each question separately.
Solution
a. The partnership's capital assets of Php20,000 will first be used to pay off the contractual obligation. This will leave a remaining liability of Php6,000. As capitalist partners, Juan and Pedro are liable for this remaining amount. Since they have equal shares in the partnership, they will each contribute Php3,000 to fully settle the liability.
b. As an industrial partner, Maria does not have a capital contribution and is therefore not liable for the debts of the partnership. However, she may lose her share in the profits or her claim on the partnership's assets if the partnership is dissolved to pay off the debt.
Similar Questions
Juan, Pedro, and Mary are partners in JPM & Company. Juan is the managing partner. Joseph is indebted to the partnership for the amount of Php100,000. Joseph is also indebted to Pedro in the amount of Php50,000. Both debts are due and demandable. Pedro was able to collect the amount of Php30,000 from Joseph. Pedro told Juan that he was able to collect from Joseph. The following day, Juan demanded Pedro to give the amount he collected from Joseph for the benefit of the partnership.Can Juan demand Pedro to give to the partnership what he collected from Joseph?
Juan, Pedro, and Maria are partners in JPM & Company. Juan and Pedro are capitalist partners, while Maria is an industrial partner. Juan and Pedro contributed Php10,000 each. A contractual liability of Php26,000 was incurred by the partnership in favor of Joseph. Joseph filed a case against JPM & Company and the individual partners. At that time, the partnership had capital assets of Php20,000 as contributed by the capitalist partners.a. If the contractual liability has been proven, how will the partnership and the partners be made to pay the contractual obligation in favor of Joseph? Provide the exact amounts
Yo no ________ a los padres de Juan. A. conocemos B. sé C. conozco D. sabemos
Asumiendo que los dos primeros enunciados son verdaderos. Es el último enunciado: Juan tiene la misma edad que Patricia. Patricia es más joven que Pepe. Juan es mas joven que Pepe.
DIRECT OBJECT PRONOUNS PART II: QUIZ #1Choose the correct pronoun.I love him. amo.I don't love him.No amo.I know them. (Juan and Maria) conozco.I don't know them. (Juan and Maria)No conozco.Juan knows me. conoce.Juan doesn't know me.No conoce.He buys the magazines. compra.He doesn't buy the magazines.No compra.They see Maria. ven.They don't see Maria.No ven.I know you. (familiar) conozco.I don't know you. (familiar)No conozco.Change the following sentences from affirmative to negative.La comprendemos. No .María lo vende. María .Ellos la ven. Ellos ven.Las conocemos. conocemos.Answer the following questions in the negative.¿Compra Marta la falda? No, no compra.¿Comes tú la manzana? No, la como.¿Venden las chicas los dulces? No, no los .¿Quieren ustedes la computadora? No, no queremos.
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