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.
i have problem pls help me Forum
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Re: i have problem pls help me
This is not a legal advice forum.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.
User has been warned.