Partnership gone bad. HELP PLSS
1 Partnership gone bad. HELP PLSS on Tue Dec 03, 2013 1:32 pm
2 Re: Partnership gone bad. HELP PLSS on Mon Jan 27, 2014 5:14 pm
You cannot compel the industrial partner to give your money back because the law says that in case of losses in the operation of partnership, the losses shall be borne by the capitalist and managing partner AND NOT by the industrial partner. Your partner is an industrial partner for he is rendering his services to the partnership.
In my opinion you can recover the things/goods or property of the partnership to compensate your losses.
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