Expert in Camera Module Solution
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).
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.” 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. What is the main disadvantage of a partnership
What type of business organization did Baysa and Nena first form? Answer: General partnership — formed by mere agreement, with mutual agency and unlimited liability. For years, they dreamed of putting up a
It seems you're asking for a story that involves concepts, possibly tied to a Filipino context ("baysa lupisan" — which might be a name or a typo for "bansa" or "Bais City"?), and an "answer key 2018" (likely a reference to a test or exam answer key for a business law or organization subject).
