Question

Jack and Poy are friends working on the same agency. While they are ha
break one day, Poy having three children going to school complained to Jack ho
make ends meet with the meager salary they are receiving. When Jack heard is fri
*why don't you put sideline? You are a good cook. You can sell jams and marmala
food products. I'am sure you will not have a problem in terms of raw materials by
raw materials are abundant in our commurity.
Poy is sold to the idea and persuaded his friend to be his partner. The
contributed P2,000.00 each to start the business. They agreed to have equal profi
take the production while Jack concentrate in marketing.
Jack started getting orders while Poy concentrated in cooking. While the
in getting big orders they decided to register their business as a partnership und
of Jack en Poy Food Products. From then on, their customers have regular orde
becoming bigger
After six months of operation, the partners earned P20,000.00 and the
divide it equally between them. Meanwhile, Poy was exhausting himseif with his
efforts, while jack's life went on very casually because once the first order has t
most of the buyers place repeated orders.
Before the business reached its first-year anniversary, Poy got sick and adviser
can no longer cook and Pcy's wife forbade him to continue the business.
What went wrong with the business?
2. If you were Poy, would you enter a partnership with a friend or would you
venture as sole proprietorship?
Were the partners right in splitting the profits equally?
Based on the story, discuss the advantages and disadvantages of partner?​

Answer 1

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