Business Studies, asked by harshpreet25may, 8 months ago

the business assets of firm are worth 200000 but debit remain unpaid 300000 what cource of action can creditor take 1- its sole proprietor ship firm 2- it is partnership firm with a and b two partner sharin equaly​

Answers

Answered by kumarsudhir9376
1

Answer:

(a) They can claim over the personal property of sole proprietor as his liability is unlimited.

(b) Creditors can approach both Anthony and Akbar and they are liable to pay back in their profit sharing ratio but in case one of the partners becomes insolvent then creditor can 'am claim from only one partner also.

HOPE THIS ANSWER HELP YOU THEN MARK ME AS BRAINLIST

Similar questions