Partnership And Corporation Baysa Lupisan Answer Key 2018 -

“This is better,” Aling Nena said. “We only lose what we invested. My family’s future is safe.”

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). partnership and corporation baysa lupisan answer key 2018

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. “This is better,” Aling Nena said

They called it . For three months, it worked well. They shared losses when the machine broke. They shared decision-making. But one day, Mang Baysa borrowed money from a supplier in the name of the business without telling Aling Nena. The supplier demanded payment from both personally. Answer: A partner can bind the partnership without

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.”

“Why me?” Aling Nena cried. “I didn’t agree to that loan!”