business law presentation-sarah

8/3/2019 business law presentation-sarah

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BUSINESS LAW PRESENTATION


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NAME: Farah Hasan Sarah

ID # 101 192 025


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Partnership Deed

Firms name: Aryan optics

Owners:

1. Mr. Nayel 2.Mr. Zakir

3.Mr. Helal

Total capital of investment: tk.350,000 Ratio of investment: 2:1:0.5

Profit ratio: equally (last 3 years)


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Case

One day Mr. Zakir was died in heart attack.

Provided that, Mr. zakir announced Toukeer( his

son, minor, 17 years) in his legal representative.


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Case continued..

Toukeer entered into this with the consent of all other

partners.

After joining Toukeer, the firm earns a profit of taka

600,000. then they used that money (profit) to opena new business named Book Store.


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Case continued..

Mr. Helal sold some books without notifying

other partners.

After auditing that, they find loss of tk.

1000,000 by Mr. Helal.


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Case continued..

The partners decided that Mr. Helal should be

expulsed from the partnership act.

But before discharging him, he should need to

compensate the losses of his portion. Finally the owners decided to share their loss

and liability equally among all partners.


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Questions and solutions:

1)Was the request made by Mr. Zakir

(taking his minor son )Legal?

Solutions:

Yes Mr. Zakir can request his partners to

take his minor son as a partner.


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2) Can Mr. Toukeer enjoy the profit

through the partnership Act 1932 ?Why

or Why not ?

Solutions:

Yes , according to the IndianPartnership Act 1932 ,a minor can enjoy

the profit of the firm.


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3) Mr. Helal did an illegal task? Do u agree?

Why and why not?

Solutions:

Yes, I agree. Because Mr. Helal

did an illegal task of selling the bookswithout confirming other partners.


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4) Can others expelled Mr. Helal from partnership?Is it necessary to compensate the losses of his

portion?

= Yes, because Mr. Helal did an illegal task ofselling books without notifying others. And he will

compensate because this losses was made byhis illegal task.


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5) Did Mr.Toukeer is liable for the losses?

= No, a minor has no liability. So Toukeer isnot liable for such losses.


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THANK YOU


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NAME: Md. Rafiqul Islam

ID # 101 011 025


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Case

Mr . Jaman and Mr . Mahabub are

partners of a firm .This is a Registered

Business . This profit sharing ratio equal

and they invested equally.


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Case

Mr .Mahabub took Mr Sourob as his sub

partners .And collected this total money

invested by him.


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Case

6 month later Mr Mahabub went to another country

for his personal work. In this situation Mr Mahabub

give his authority on Mr Sourabe, (as a agent not a

partner ).


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Mr Mahabub


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Case

Mr Jaman was agreed with Mr Mahabub

for his proposed.


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. One year later , this firm made profit of tk 1 lac

(1,00,000 ).Mr Jaman take 50% profit from this

profit .

. Another parson Mr Sourob want to take 50%profit .Because, He thinking that (I was invested

50% in this firm.)


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Two years later , this firm suffered of tk

1,20,000 . In this situation, Mr Jaman bear

50% of the loss and another person Mr

Sourob refused to bear any loss.


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Question no 01-- Have Mr Sourob any

right to take 50% profit ?

Ans :

?


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Answer no 01- NO . Mr Jaman has no right to

take profit directly from the firm.He can take

profit by Mr Mahabub( Because Mr Sourob

was agreed with Mr Mahabub) And the Ratioof profit depend on their agreement .


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Question no : 02 Can Mr Sourob

avoid this loss?

Ans :..?


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Answer no 02 Yes , Mr Sourob can

avoid this liability. Because He is a minor.

.!!!


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Thank you *


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NAME: Homayra Binte Wali

ID # 101 185 025


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Deed of Partnership

Company Name: Iqbal fast Food shop.

Partners: Mr. Prokash, Mr. karim, Mr.

Jamal and Mr. Iqbal.

Total capital Invetsment: 1200000.

Ratio: 3:2:1.

Share of profit: The ration of the profit.


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Case

Mr jamal was a Nominal partner. the firm

earned a profit and they shared the profit by

the ratio of the investment. After 1 year, Mr.

Iqbal decided to leave the business with hisgoodwill.

Mr. Karim and Mr. Jamal were agreed but Mr

Prokas was not.

After departure of Mr. Iqbal, they hanged their

firm name of Kisore Food Shop.


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Case continued..

For the change of the name, the firm faced

a huge amount of losses of tk. 18,00,000.

Mr. Prokash was insolvent by recovering

the portion of his losses.


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Questions:

1) Can Mr. Iqbal enjoy the profit?

Solution: No, Mr. Iqbal cannot enjoy the profit as he

was a nominal partner and it was not mentioned indeed.

2) can Mr. Iqbal leave the firm? Solution: yes he can if the majority is with him.


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Questions:

3)How can the partners recover the losses, the case of Mr.

Prokash?

Solution: the partners recover the losses by the ratio oftheir investments. like:

Mr. prokash-900,000, Mr. Karim-600,000 and

Mr. Jamal-300,000. But Mr prokash was insolvent, so the portion of the losses

are 900,000+900,000=18,00,000 by Mr Karim and Mr.

Jamal.

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