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March 19, 2009
Antique Furniture Terms Currently For Sale On eBay
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Antique Furniture Terms

Business Law - Partnership Law?
Amy, Benny and Carla are partners in a successful antique business. The terms of the partnership agreement provide that the business of the firm is to buy and sell antique furniture. At the beginning of Dec 2009, Carla retired from the firm. Notice was placed in the government gazette and existing clients were informed of the retirement. In the middle of Dec 2009, Danny joined the firm.
In early Jan 2010, the partners were surprised to received delivery of an invoice for some very expensive paintings, which had been purchased in the firm's name by Carla, shortly before his retirement. At the end of Jan 2010, Benny left from the firm without notice, taking with him $40,000 which had been left with the firm by a client who wished the partnership to obtain some antiques for him.
Explain the liability of firm and/or the individual partners with regard to:
(1) payment for the paintings
(2) the missing $40,000
1) if the painting was for the firm, nothing can done but if for carla only, the payment may become carla's personal drawings, as i would assume that the partnership financial statements had not been prepared.
2) it may become benny's partnership drawing too.
Reading Terms & Conditions Before Auction
Antique Furniture Terms Currently For Sale On eBay.
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Another great place to shop for Antique Furniture Terms products is Amazon.
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Identifying American Furniture: A Pictorial Guide to Styles and Terms Colonial to Contemporary (Revised and Expanded) (American Association for State and Local History Books) List Price: $15.95 Sale Price: $8.95 Used From: $5.55 |
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Elegantly fashioned and uniquely perceptive, this guidebook authoritatively surveys four centuries of American domestic furniture styles.Identifying American Furniture offers answers to the questions most people ask about furniture: "What style is that?" "How can you tell?" and "When was it popular?" Curators, collectors, appraisers, connoisseurs of furniture, and students of history, architecture, and the arts — as well as those just learning the fascination of stylistic trends in American furniture—will find this succinct handbook essential... |
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Post tags: antique, antique furniture terms, antiques, furniture
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