31. Pam & Sam have been very good friends since their childhood. They decided to start a
business and become partners. Tim is a relative of Pam. Pam asked Tim to allow them to use
his name for promoting their business. Tim agreed to this. He took Pam & Sam to the bank and
using his name and influence asked the Bank Manager to grant a loan for their business. His
actions gave the Bank Manger the impression that Tim was also a partner of their firm and so
he sanctioned the loan. Later, their business faced huge losses due to which Pam & Sam were
unable to pay back the loan.
(c) Name & explain the type of partnership formed between Pam & Sam.
(d) Identify & explain what type of partner is Tim?
(e) Will Tim be held liable for losses? If so, what will be his liability?
(1) If the company had made profits instead of losses, would Tim also get a share
of it?
Answers
Answer:
Water is a compound because compounds are made up of different elements in fixed proportion by mass likecouse, in water molecule, hydrogen and oxygen form compound H2O in the ratio of 1. 8 by mass.Water is a compound because compounds are made up of different elements in fixed proportion by mass likecouse, in water molecule, hydrogen and oxygen form compound H2O in the ratio of 1. 8 by mass.Water is a compound because compounds are made up of different elements in fixed proportion by mass likecouse, in water molecule, hydrogen and oxygen form compound H2O in the ratio of 1. 8 by mass.
Water is a compound because compounds are made up of different elements in fixed proportion by mass likecouse, in water molecule, hydrogen and oxygen form compound H2O in the ratio of 1. 8 by mass.Water is a compound because compounds are made up of different elements in fixed proportion by mass likecouse, in water molecule, hydrogen and oxygen form compound H2O in the ratio of 1. 8 by mass.
Answer:
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