Partner Rights – NBC Institute

BCL – May 2017 – L1 – Q6a – Sources of Law

Explain a partner's right to claim reimbursement for personal expenses incurred during authorized duties.

Question

a) A partner in a firm in the course of an authorized duty incurred liability of which he/she made personal payment. The partner later made claims of reimbursement of expenses incurred. At a meeting of the partners of the firm, the reimbursement was declined.

Required: Explain whether the partner has any rights to claim reimbursement. (7 marks)

Answer

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Tags: Authorized Duties, Partner Rights, Partnership Law, Reimbursement
Level: Level 1

Topic: Sources of Law
Series: MAY 2017

BCL – Nov 2018 – L1 – Q4b – Public Sector Entities

State two reasons why a partnership firm should reimburse a partner's expenses.

Question

Apina is a partner in an accounting firm known as Dtd & Associates. On 3rd October 2018, he went out to execute an approved course of duty for the firm. Instead of being assigned an official car, the supervising partner asked that he should use his own car and provision was made for his fuel. In the course of duty, he burst a tire. He brought the receipt of the replaced tire bought to the supervising manager for a refund. The supervising manager, however, refused to reimburse Apina.

Required:
State TWO (2) reasons why the firm should reimburse Apina. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Partner Rights, Partnership Expenses, Partnership Law, Reimbursement
Level: Level 1

Topic: Public Sector Entities
Series: NOV 2018

BCL – May 2017 – L1 – Q6a – Sources of Law

Explain a partner's right to claim reimbursement for personal expenses incurred during authorized duties.

Question

Required: Explain whether the partner has any rights to claim reimbursement. (7 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Authorized Duties, Partner Rights, Partnership Law, Reimbursement
Level: Level 1

Topic: Sources of Law
Series: MAY 2017

BCL – Nov 2018 – L1 – Q4b – Public Sector Entities

State two reasons why a partnership firm should reimburse a partner's expenses.

Question

Required:
State TWO (2) reasons why the firm should reimburse Apina. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Partner Rights, Partnership Expenses, Partnership Law, Reimbursement
Level: Level 1

Topic: Public Sector Entities
Series: NOV 2018

Question Tag: Partner Rights

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BCL – May 2017 – L1 – Q6a – Sources of Law

Explain a partner's right to claim reimbursement for personal expenses incurred during authorized duties.

BCL – Nov 2018 – L1 – Q4b – Public Sector Entities

State two reasons why a partnership firm should reimburse a partner's expenses.

BCL – May 2017 – L1 – Q6a – Sources of Law

Explain a partner's right to claim reimbursement for personal expenses incurred during authorized duties.

BCL – Nov 2018 – L1 – Q4b – Public Sector Entities

State two reasons why a partnership firm should reimburse a partner's expenses.

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Question Tag: Partner Rights

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BCL – May 2017 – L1 – Q6a – Sources of Law

Explain a partner's right to claim reimbursement for personal expenses incurred during authorized duties.

You're reporting an error for "BCL – May 2017 – L1 – Q6a – Sources of Law"

BCL – Nov 2018 – L1 – Q4b – Public Sector Entities

State two reasons why a partnership firm should reimburse a partner's expenses.

You're reporting an error for "BCL – Nov 2018 – L1 – Q4b – Public Sector Entities"

BCL – May 2017 – L1 – Q6a – Sources of Law

Explain a partner's right to claim reimbursement for personal expenses incurred during authorized duties.

You're reporting an error for "BCL – May 2017 – L1 – Q6a – Sources of Law"

BCL – Nov 2018 – L1 – Q4b – Public Sector Entities

State two reasons why a partnership firm should reimburse a partner's expenses.

You're reporting an error for "BCL – Nov 2018 – L1 – Q4b – Public Sector Entities"

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