BUSINESS LAW PRESENTATION

NAME: Farah Hasan Sarah

ID # 101 192 025

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)

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.

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 open a new business named Book Store.

Case continued..
Mr. Helal sold some books without notifying other partners. After auditing that, they find loss of tk. 1000,000 by Mr. Helal.

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.

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.

Questions and solutions:

2) Can Mr. Toukeer enjoy the profit through the partnership Act 1932 ?Why or Why not ? Solutions: Yes , according to the Indian Partnership Act 1932 ,a minor can enjoy the profit of the firm.

Questions and solutions:

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 books without confirming other partners.

Questions and solutions:

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 of

selling books without notifying others. And he will compensate because this losses was made by his illegal task.

Questions and solutions:

5) Did Mr.Toukeer is liable for the losses? = No, a minor has no liability. So Toukeer is not liable for such losses.

THANK YOU

NAME: Md. Rafiqul Islam

ID # 101 011 025

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.

Case
Mr .Mahabub took Mr Sourob as his sub partners .And collected this total money invested by him.

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 ).

Mr Mahabub

Case
Mr Jaman was agreed with Mr Mahabub for his proposed.

.
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.)

 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.

Question no 01-- Have Mr Sourob any right to take 50% profit ? Ans : ?

 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 Ratio of profit depend on their agreement .

 Question no : 02 Can Mr Sourob avoid this loss? Ans :..?

 Answer no 02 Yes , Mr Sourob can avoid this liability. Because He is a minor. .!!!

Thank you *

NAME: Homayra Binte Wali

ID # 101 185 025

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.

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 his goodwill. 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.

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.

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 in deed.

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

Questions:
3)How can the partners recover the losses, the case of Mr. Prokash? Solution: the partners recover the losses by the ratio of their 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.