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What type of business organization did Baysa and Nena first form? Answer: General partnership — formed by mere agreement, with mutual agency and unlimited liability.
One day, the corporation took a bank loan for a new dryer. The loan defaulted. The bank went after the corporation’s assets only — not Mang Baysa’s house, not Aling Nena’s piggery. partnership and corporation baysa lupisan answer key 2018
Mang Baysa grumbled: “But now we have annual meetings, board resolutions, and audited reports. And I can’t just decide alone — the board votes!” By harvest season 2018, the corporation thrived. They raised more capital by selling shares to the whole barangay. They even hired a lawyer to ensure compliance. What type of business organization did Baysa and
Since I don’t have access to the specific 2018 answer key you're referring to, I’ll create an original, illustrative story that explains the key differences between a and a corporation — the kind of story that could appear as a case study in a 2018 business law exam, with an "answer key" style breakdown at the end. The Rice Mill Venture: A Tale of Partnership and Corporation Barangay Lupisan, 2018 The loan defaulted
What is the main disadvantage of a partnership shown in the story? Answer: A partner can bind the partnership without the other’s consent (mutual agency), and each partner is personally liable for all debts (unlimited liability).