50/50 partnership the other partner signs chq by forging ur name were would that leave the other partner.
2006-10-18 14:29:03 · 8 answers · asked by SHARON D 1 in Business & Finance ➔ Other - Business & Finance
in a good position to have him done for, deception, forgery and fraud!
2006-10-18 14:32:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
50%. Each partner is an agent of the partnership, therefore, each partner can represent that they are the partnership in whole and if it is 50/50, then that leaves the other partner at 50%.
2006-10-18 14:33:49 · answer #2 · answered by EAA Duro 3 · 0⤊ 0⤋
Depends on the partnership. Corporate. Proprietorship. Limited Liability.
2006-10-18 14:31:42 · answer #3 · answered by Annie Poo 2 · 0⤊ 0⤋
There are good and bad partners in any business but in order to protect yourself, you entered into a deed of partnership which is drawn by a solicitor and this will protect the parties concerned.
In practise if your partner intend to deceive you , there is nothing you can do to stop him ,
2006-10-18 23:49:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The legal concept here is:
Joint and several liability.
All partners are liable for the debts of all the other partners.
A creditor can sue whatever partner he thinks may have the (personal as well as business!) assets to settle the debt.
Partnerships are inherently unstable business units
2006-10-18 14:34:33 · answer #5 · answered by Up your Maslow 4 · 0⤊ 0⤋
Thats 51% to the both of you
2006-10-18 14:42:37 · answer #6 · answered by colin050659 6 · 0⤊ 0⤋
in jail
2006-10-18 14:32:09 · answer #7 · answered by johnnylakis 4 · 0⤊ 1⤋
100% angry
2006-10-18 14:38:52 · answer #8 · answered by phyllis_neel 5 · 0⤊ 0⤋