i have problem pls help me

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SerPounceAlot
Posts: 1
Joined: Fri Dec 05, 2014 12:07 pm

i have problem pls help me

Postby SerPounceAlot » Fri Dec 05, 2014 12:34 pm

Ben Beitz and Barbara Barks are partners in Beitz & Barks Dogsitting Service, a business that focuses on providing in-home care and attention to clients’ dogs while the clients are away from home. The partnership’s assets have a value of approximatively $ 8 000. Barks went to First Insolvent Savings & Loan (FISL) and requested that FISL loan Beitz & Barks Dogsitting Service $ 7 000 so that the partnership could purchase a used van for use in connection with the firm’s business. FISL chose to make the loan, so it issued Barks a $7 000 check made payable to the order of Beitz & Barks Dogsitting Service. Barks cashed the check, took the $7 000, and fled for parts unknown, never to return. A month later, when the initial loan payment was not made, a FISL employee called the Beitz & Barks Dogsitting Service office. Asserting that the debt was a partnership debt, the FISL employee made demand upon Beitz for payment. The demand constituted Beitz’s first knowledge of the loan. He refused to make any payments on the loan.

Questions: Is Beitz justified in refusing to pay the debt? State the reasons for your answer.

The name's where changed and the companies name as well please help me. :!:

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dowu
Posts: 8334
Joined: Wed Mar 28, 2012 9:47 pm

Re: i have problem pls help me

Postby dowu » Fri Dec 05, 2014 12:46 pm

SerPounceAlot wrote:Ben Beitz and Barbara Barks are partners in Beitz & Barks Dogsitting Service, a business that focuses on providing in-home care and attention to clients’ dogs while the clients are away from home. The partnership’s assets have a value of approximatively $ 8 000. Barks went to First Insolvent Savings & Loan (FISL) and requested that FISL loan Beitz & Barks Dogsitting Service $ 7 000 so that the partnership could purchase a used van for use in connection with the firm’s business. FISL chose to make the loan, so it issued Barks a $7 000 check made payable to the order of Beitz & Barks Dogsitting Service. Barks cashed the check, took the $7 000, and fled for parts unknown, never to return. A month later, when the initial loan payment was not made, a FISL employee called the Beitz & Barks Dogsitting Service office. Asserting that the debt was a partnership debt, the FISL employee made demand upon Beitz for payment. The demand constituted Beitz’s first knowledge of the loan. He refused to make any payments on the loan.

Questions: Is Beitz justified in refusing to pay the debt? State the reasons for your answer.

The name's where changed and the companies name as well please help me. :!:

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