Case Study Based Questions
1. Mehul sent an email to his friend Rahul who resides in US asking for financial help.
Mehul shared with him that due to a prolonged illness , his business suffered a lot, as
a result, he was not able to repay the bank loan which he had taken for the expansion
of his business. He also informed him that his warehouse has been confesticated by the
bank authorities to settle his claims. Mehul also reminded Rahul of his good times in
business when he had helped Rahul financially being the sole recipient of all the business
profits.
In context of the above case:
(a) Identify the related feature and liability of the form of business been described in
the above paragraph.
(b) Explain in brief, any two merits of this form of business which have not been
mentioned in the paragraph.
Answers
Case Study Based Questions
1. Mehul sent an email to his friend Rahul who resides in US asking for financial help.
Mehul shared with him that due to a prolonged illness , his business suffered a lot, as
a result, he was not able to repay the bank loan which he had taken for the expansion
of his business. He also informed him that his warehouse has been confesticated by the
bank authorities to settle his claims. Mehul also reminded Rahul of his good times in
business when he had helped Rahul financially being the sole recipient of all the business
profits.
In context of the above case:
(a) Identify the related feature and liability of the form of business been described in
the above paragraph.
(b) Explain in brief, any two merits of this form of business which have not been
mentioned in the paragraph.