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Mohini is a friend of Sneha who is a partner in a software firm Om Namah Shivay solution.
On Sneha’s request, Mohini accompanies her to a business meeting with Jai Shri Ram Software
and actively participates in the negotiation process for a business deal and gives the impression
that she is also a partner in Om Namah Shivay Solutions. Three months credit is extended to
Om Namah Shivay solutions on the basis of these negotiation. On the basis of the given
information about Mohini, answer the following:
a) Will Mohini be liable to the lender if Sneha does not make payment to
him by the due date?
On Sneha’s request, Mohini accompanies her to a business meeting with Jai Shri Ram Software
and actively participates in the negotiation process for a business deal and gives the impression
that she is also a partner in Om Namah Shivay Solutions. Three months credit is extended to
Om Namah Shivay solutions on the basis of these negotiation. On the basis of the given
information about Mohini, answer the following:
a) Will Mohini be liable to the lender if Sneha does not make payment to
him by the due date?
Most Upvoted Answer
Mohini is a friend of Sneha who is a partner in a software firm Om Nam...
Liability of Mohini in case of non-payment by Sneha:
Legal implications:
- In the given scenario, Mohini gave the impression that she is a partner in Om Namah Shivay Solutions during the negotiation process.
- By actively participating in the business meeting and negotiation, Mohini may be considered to have represented herself as a partner of the firm.
Authority to bind the firm:
- In a partnership firm, partners have the authority to bind the firm in business deals and transactions.
- If Mohini represented herself as a partner during the negotiation with Jai Shri Ram Software, she may be seen as having the authority to enter into agreements on behalf of the firm.
Liability of partners in a partnership:
- Partners in a partnership are jointly and severally liable for the debts and obligations of the firm.
- This means that if Sneha, as a partner, does not make payment to the lender by the due date, Mohini, as a purported partner, may also be held liable for the debt.
Conclusion:
- In this situation, Mohini may be held liable to the lender if Sneha does not make payment by the due date.
- It is important for individuals to clearly define their roles and authority in business dealings to avoid any misunderstandings or legal implications.
Legal implications:
- In the given scenario, Mohini gave the impression that she is a partner in Om Namah Shivay Solutions during the negotiation process.
- By actively participating in the business meeting and negotiation, Mohini may be considered to have represented herself as a partner of the firm.
Authority to bind the firm:
- In a partnership firm, partners have the authority to bind the firm in business deals and transactions.
- If Mohini represented herself as a partner during the negotiation with Jai Shri Ram Software, she may be seen as having the authority to enter into agreements on behalf of the firm.
Liability of partners in a partnership:
- Partners in a partnership are jointly and severally liable for the debts and obligations of the firm.
- This means that if Sneha, as a partner, does not make payment to the lender by the due date, Mohini, as a purported partner, may also be held liable for the debt.
Conclusion:
- In this situation, Mohini may be held liable to the lender if Sneha does not make payment by the due date.
- It is important for individuals to clearly define their roles and authority in business dealings to avoid any misunderstandings or legal implications.
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Mohini is a friend of Sneha who is a partner in a software firm Om Namah Shivay solution. On Sneha’s request, Mohini accompanies her to a business meeting with Jai Shri Ram Software and actively participates in the negotiation process for a business deal and gives the impression that she is also a partner in Om Namah Shivay Solutions. Three months credit is extended to Om Namah Shivay solutions on the basis of these negotiation. On the basis of the given information about Mohini, answer the following: a) Will Mohini be liable to the lender if Sneha does not make payment to him by the due date?
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Mohini is a friend of Sneha who is a partner in a software firm Om Namah Shivay solution. On Sneha’s request, Mohini accompanies her to a business meeting with Jai Shri Ram Software and actively participates in the negotiation process for a business deal and gives the impression that she is also a partner in Om Namah Shivay Solutions. Three months credit is extended to Om Namah Shivay solutions on the basis of these negotiation. On the basis of the given information about Mohini, answer the following: a) Will Mohini be liable to the lender if Sneha does not make payment to him by the due date? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Mohini is a friend of Sneha who is a partner in a software firm Om Namah Shivay solution. On Sneha’s request, Mohini accompanies her to a business meeting with Jai Shri Ram Software and actively participates in the negotiation process for a business deal and gives the impression that she is also a partner in Om Namah Shivay Solutions. Three months credit is extended to Om Namah Shivay solutions on the basis of these negotiation. On the basis of the given information about Mohini, answer the following: a) Will Mohini be liable to the lender if Sneha does not make payment to him by the due date? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mohini is a friend of Sneha who is a partner in a software firm Om Namah Shivay solution. On Sneha’s request, Mohini accompanies her to a business meeting with Jai Shri Ram Software and actively participates in the negotiation process for a business deal and gives the impression that she is also a partner in Om Namah Shivay Solutions. Three months credit is extended to Om Namah Shivay solutions on the basis of these negotiation. On the basis of the given information about Mohini, answer the following: a) Will Mohini be liable to the lender if Sneha does not make payment to him by the due date?.
Mohini is a friend of Sneha who is a partner in a software firm Om Namah Shivay solution. On Sneha’s request, Mohini accompanies her to a business meeting with Jai Shri Ram Software and actively participates in the negotiation process for a business deal and gives the impression that she is also a partner in Om Namah Shivay Solutions. Three months credit is extended to Om Namah Shivay solutions on the basis of these negotiation. On the basis of the given information about Mohini, answer the following: a) Will Mohini be liable to the lender if Sneha does not make payment to him by the due date? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Mohini is a friend of Sneha who is a partner in a software firm Om Namah Shivay solution. On Sneha’s request, Mohini accompanies her to a business meeting with Jai Shri Ram Software and actively participates in the negotiation process for a business deal and gives the impression that she is also a partner in Om Namah Shivay Solutions. Three months credit is extended to Om Namah Shivay solutions on the basis of these negotiation. On the basis of the given information about Mohini, answer the following: a) Will Mohini be liable to the lender if Sneha does not make payment to him by the due date? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mohini is a friend of Sneha who is a partner in a software firm Om Namah Shivay solution. On Sneha’s request, Mohini accompanies her to a business meeting with Jai Shri Ram Software and actively participates in the negotiation process for a business deal and gives the impression that she is also a partner in Om Namah Shivay Solutions. Three months credit is extended to Om Namah Shivay solutions on the basis of these negotiation. On the basis of the given information about Mohini, answer the following: a) Will Mohini be liable to the lender if Sneha does not make payment to him by the due date?.
Solutions for Mohini is a friend of Sneha who is a partner in a software firm Om Namah Shivay solution. On Sneha’s request, Mohini accompanies her to a business meeting with Jai Shri Ram Software and actively participates in the negotiation process for a business deal and gives the impression that she is also a partner in Om Namah Shivay Solutions. Three months credit is extended to Om Namah Shivay solutions on the basis of these negotiation. On the basis of the given information about Mohini, answer the following: a) Will Mohini be liable to the lender if Sneha does not make payment to him by the due date? in English & in Hindi are available as part of our courses for Commerce.
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