Partnership And Corporation Baysa Lupisan Answer Key 2018 ✦ Full HD

One day, the corporation took a bank loan for a new dryer. The loan defaulted. The bank went after the corporation’s assets only — not Mang Baysa’s house, not Aling Nena’s piggery.

“Why me?” Aling Nena cried. “I didn’t agree to that loan!” partnership and corporation baysa lupisan answer key 2018

The supplier replied, “In a partnership, each partner is personally liable for business debts. Your personal savings, your car — they can be taken to pay.” One day, the corporation took a bank loan for a new dryer

What is the main disadvantage of a partnership shown in the story? Answer: A partner can bind the partnership without the other’s consent (mutual agency), and each partner is personally liable for all debts (unlimited liability). “Why me

Mang Baysa and his friend Aling Nena were farmers in Lupisan. For years, they dreamed of putting up a rice mill to serve their village. They had no big capital, only their savings and hard work. In January 2018, they agreed orally: “Let’s combine our money. You buy the husker, I’ll provide the shed. We share profits 50-50.”