Discuss the legal status and liability of each person illustrating if they are traders or not. Fatima,
Fantastic news! We've Found the answer you've been seeking!
Question:
Discuss the legal status and liability of each person illustrating if they are traders or not.
Fatima, who recently was bankrupt, asked her Sister Noora to open a clothing shop Because Noora was working as a medical Doctor in a public hospital, she asked her half-brother Mahmood, who was a college student, to apply for Commercial Registration. Upon acceptance of his application, Noora withdraws herself from the business leaving it all to Fatima. In exchange for an annual sum paid to her. Fatima submitted the business place to her friend Rasheed, who stopped the monthly payments to Mahmood after only two months after taking over the business. Mahmood upset by this situation decided to sue them all.
1. Fatima: (Trader Not Trader)Legal status: Legal Responsibility:
2. Noora: (Trader Not Trader)Legal status: Legal Responsibility:
3. Mahmood: (Trader Not Trader)Legal status: Legal Responsibility:
4. Rasheed: (Trader - Not Trader)Legal status: Legal Responsibility:
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: