Shootfin Flashcards
1
Q
Shootfin?
A
Partners
2
Q
Can a person in a partnership make any business decisions for personal reasons?
A
No he cannot
3
Q
What do people need to start a partnership?
A
They need to make a Kinyan
4
Q
If one of the partner loses his money…
A
The loss is his alone
5
Q
If one of the partners makes money…
A
He shares it between his partner(s)
6
Q
If the persons partner(s) knows that the person did something they weren’t allowed to do in the partnership and agrees to it…
A
They also share in the loss
7
Q
When can a partnership end?
A
The date that they said it was going to end unless they lose their entire initial investment
