MGT611 - Business & Labor Law Quizzes & GDB

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MGT611 - Business & Labor Law Quizzes & GDB

Welcome to Quizzes & GDB Group.

Members: 53
Latest Activity: Nov 15, 2018

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Gdb

Started by shama kiyani (Hrm). Last reply by zAiN Jan 24, 2018. 5 Replies

gdb last date 21 nov 2014

Started by ayesha shahid b.com(hons). Last reply by Pariwish Nov 21, 2014. 5 Replies

MGT 611 - Business & Industrial Law - Graded Discussion Board - GDB No 2 - Due Date 17 Jul 2014

Started by Ahsan Rizvi MBS 4th. Last reply by Wafa Ghazal (MBS 4th Semester) Jul 17, 2014. 6 Replies

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Comment by shama kiyani (Hrm) on January 21, 2018 at 5:14pm
Discuss with reference to related provision/s of the Partnership Act 1932 whether the mutual agreements narrated above constitute any Partnership.
Comment by malik.kami (M.B.S 3rd) on January 22, 2014 at 11:04am

GDB 02

CONCEPTUAL BACKGROUND

According to the Partnership Act 1932, “Partnership is the relation between persons who have agreed to share profits of the business carried on by all or any one of them acting for all”. In other words, “Partnership is the relation between persons competing to make contract who agrees to carry on a lawful business in common with a view of private gain”. “A Partnership is an association of two or more individuals who agree to share the profits of a lawful business which is managed or carried by them”. In partnership business, every partner has the right to take part in the management. The important business decisions are taken with the consent of all the partners.

THE CASE

“Sultan” and “Sikandar” are friends and want to establish a shoe manufacturing business at local level. They opted for  a “Partnership” and this business due to their earlier experience and relationships with certain clients in this field Both Sultan and Sikandar need to consider which particular type of partnership do they go for as suitable  to their business organization. Both of them have the desire to keep their financial dedication of their business totally separate from their personal financial affairs and activities. They don’t feel comfortable being accountable for the debts of the business personally. “Sikandar” also wishes to bring his son “Ali” into the business after some period of time by following the required rules.

REQUIREMENT:

  • Being a student of “Business Law”, mention major characteristics of a partnership form of business? (Marks 10)
  • What are the proper rules for bringing a new partner into the business? (Marks 10)

Important Instructions:

1: Your discussion must be based on logical facts.

 

2: The GDB will remain open for 3 working days/ 72 hours.

 

3: Your answer should not exceed 200 words.

 

4: Do not copy or exchange your answer with other students.

5: Obnoxious or ignoble answer should be strictly avoided.

6: Questions / queries related to the content of the GDB, which may be posted by the students on    MDB or via e-mail, will not be replied till the due date of GDB is over.

Comment by zara khan(MBS 3rd) on December 8, 2013 at 7:37pm

Kindly start the GDB discussion that is due on 11th December 2013.waiting eagerly 4 discussions coz i dont know where to find answer from.

Comment by Ilyas (MBS-Final Semester) on May 8, 2013 at 7:57pm

Dear Irfan Sahab plz upload mega file of midterm quizes of MGT 611

 

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