Share Partnerships - The Language of Business Law
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The partners agreed that they can each take out 600 pounds every month as ....
DRAWINGS
When they set up a partnership, Mr Hicks decided to .... 5000 pounds and Mrs Pearson agreed to invest 3500 pounds
CONTRIBUTE
I prepared your accounts and you will see that the partnership did not perform well last year. It made a ... of 15,000 pounds
LOSS
My birthday is in September and I will be 65 years old. I will then .... from the partnership
RETIRE
One of the partners often takes cocaine and other illegal drugs. This is a breach of the partnership agreeement and provides clear grounds for the other partners to .... him from the partnership
EXPEL
I must tell my partners that I want to .... from the partnership. I went on holiday to Spain and met a man I wish to marry. I will move to Spain and join him in his business.
RESIGN
The total .... of the partnership is 405,000 pounds
CAPITAL
Each partner has definite duties. For example, I am reponsible for the computer system and Mr Brown is the partner responsible for the day-to-day .... of the business
MANAGEMENT
The business was unsuccessful and the partners .... the partnership last year.
DISSOLVED
The partnership will .... .... the name of Fast Flowers.
TRADE UNDER
I want to leave the partnership. What .... .... must I give to the other partners?
NOTICE PERIOD
As each partner contributed different amounts of money to the business, the partners agreed to share the profits in the same ... as the amounts that they invested
PROPORTION
