On 5/3/11, amara chm <mayachm25@gmail.com> wrote:
> thanks
>
> On Tue, May 3, 2011 at 1:27 AM, Zulfiqar Motiwala <znmotiwala@googlemail.com
>> wrote:
>
>> Graded Discussion Board
>>
>>
>>
>> Zeeshan started a small business of ready-made garments by taking a
>> shop on rent. When the business became stable, Zeeshan brought his
>> younger brother Ziad in the business for his help on 25% profit
>> sharing basis only. Soon, with the hard work of both brothers, their
>> business expanded and they wanted to purchase a larger shop for their
>> growing business.
>> Zeeshan neither wanted to borrow money nor wanted to take bank loan.
>> After much thinking, he decided to invite one more partner in his
>> business for expansion.
>> Awais, a friend of Zeeshan, left the country some years ago, is
>> nowadays living in Germany where he is doing job in a multinational
>> organization. Zeeshan discussed his plan of expanding the business
>> with Awais and he immediately agreed to invest on 50% sharing basis in
>> the business and do not want to reveal his name.
>> At the initial stage, they owned only one large shop but due to
>> success of the business in the new place, further expansion was
>> required; after thoroughly thinking, Zeeshan asked his youngest
>> seventeen-years-old brother (Waqar) to join them in ready-made
>> garments business after his college classes. Waqar agrees to join them
>> on 10% profit sharing basis.
>>
>> After reading above case, mention the type of partner in the below table:
>>
>> ANSWER FOR DISCUSSION AS SOLUTION OD GDB
>>
>> Sr. Person Type of Partner
>> i) Zeeshan Active partner and Senior partner (BOTH)
>> ii) Ziad Active partner and Junior partner (
>> BOTH)
>> iii) Awais Senior partner and Sleeping partner and Incoming partner
>> (all)
>> iv) Waqar Minor partner and Incoming partner and Partner in profit
>> only
>>
>>
>> Zeeshan :- He takes active part in his garments business and manages
>> its affairs . he also contribute his share in the capital and is
>> liable to pay all obligations of the business. He is senior partner
>> also as he pays a large amount of capital for the business and has a
>> prominent position in his business of garments.
>>
>> Zaid:- He takes active part in his garments business and manages its
>> affairs . he also contribute his share in the capital and is liable to
>> pay all obligations of the business. He has small investment as
>> compared to zeeshan and Awais and also has a limited experience of the
>> garments business so he is called junior partner .
>>
>> Awais:- As he has only invested his capital and does not take part in
>> active business affairs and its managements so he is known as a
>> sleeping partner. He is liable to pay all obligations of the business.
>> he is newly admitted in the business so he is known as incoming
>> partner too
>>
>> Waqar:- He is minor partner as he can not be ib valid contract of the
>> garments business as he is just 17 years old and has the consent of
>> all other partners and he is share holder in profit only not in loss.
>> As he is newly admitted in the business so he is known as incoming
>> partner too He is also not liable for any act of the business
>> performed before he become the partner unless he agrees to.
>>
>>
>> On 5/3/11, mc110201859 Rabia Rafiq Khan <mc110201859@vu.edu.pk> wrote:
>> > can anyone tell me k m i ryt or wrong?
>> > the solution for mgt211 is the following:
>> >
>> > *Sr.*
>> >
>> > *Person*
>> >
>> > *Type of Partner*
>> >
>> > i)
>> >
>> > Zeeshan
>> >
>> > Active partner
>> >
>> > ii)
>> >
>> > Ziad
>> >
>> > Junior partner
>> >
>> > iii)
>> >
>> > Awais
>> >
>> > Silent partner
>> >
>> > iv)
>> >
>> > Waqar
>> >
>> > Minor partner
>> >
>> > --
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>>
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>> ZNMOTIWALA
>>
>> --
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>>
>
> --
> We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish
> you all the best. Join www.vuaskari.com,
> To post to this group, send email to vuaskari_com@googlegroups.com
> Visit these groups:
> This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
> MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
> HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
> Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
> Management: https://groups.google.com/group/vuaskari_mgt?hl=en
> Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
> MIS Group: http://groups.google.com/group/askari_mis?hl=en
>
--
ZNMOTIWALA
--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en
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