Timothy, Reuben, and John, Three Brothers, Work in a Partnership

question 24

Multiple Choice

Timothy, Reuben, and John, three brothers, work in a partnership firm that specializes in organizing events for people. John's friend Sam visited their place of business and made some suggestions to John for the next event that he was handling. Timothy and Reuben were however, out on a business trip when Sam visited their place. John out of gratuity got Sam a gift out of the business account and asked him to join the partnership. This, at present, could not be possible because of the doctrine of _____.

• A) delectus personae
• B) corporation by estoppel
• C) employment-at-will
• D) family purpose
• E) tenants in partnership

Grasp the workings and benefits of a lockbox system in improving cash management.

Recognize the importance of electronic billing and payment systems in enhancing cash flow.

Understand the objectives of cash management and the strategies for effective cash handling and investment.

Understand the role of different peptides and hormones in regulating eating behavior.