OPQR partnership was engaged in a money exchange business. Due the travel restrictions and many lockdowns, their business suffered continuous losses and despite many other strategies employed, have hard time of getting back up. O, P and Q agreed that since NCR has b- placed in Alert Level 3 and travel is now allowed, they should all contribute additional capital of P20,000 each to fast track possible ga and make the business going. R resists such proposal since he believe they will never be able to regain what they already lost. Is R correct? Explain. What other remedy is available to the partnership to continue with the business? Explain.
OPQR partnership was engaged in a money exchange business. Due the travel restrictions and many lockdowns, their business suffered continuous losses and despite many other strategies employed, have hard time of getting back up. O, P and Q agreed that since NCR has b- placed in Alert Level 3 and travel is now allowed, they should all contribute additional capital of P20,000 each to fast track possible ga and make the business going. R resists such proposal since he believe they will never be able to regain what they already lost. Is R correct? Explain. What other remedy is available to the partnership to continue with the business? Explain.
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![OPQR partnership was engaged in a money exchange business. Due
the travel restrictions and many lockdowns, their business suffered
continuous losses and despite many other strategies employed, have
hard time of getting back up. O, P and Q agreed that since NCR has b-
placed in Alert Level 3 and travel is now allowed, they should all
contribute additional capital of P20,000 each to fast track possible ga
and make the business going. R resists such proposal since he believe
they will never be able to regain what they already lost. Is R correct?
Explain. What other remedy is available to the partnership to continue
with the business? Explain.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff02010e2-4096-46a4-adbf-21d1e1880b75%2F379dfac6-351c-444d-9e26-4b23dc5ce383%2Fht6ntem_processed.jpeg&w=3840&q=75)
Transcribed Image Text:OPQR partnership was engaged in a money exchange business. Due
the travel restrictions and many lockdowns, their business suffered
continuous losses and despite many other strategies employed, have
hard time of getting back up. O, P and Q agreed that since NCR has b-
placed in Alert Level 3 and travel is now allowed, they should all
contribute additional capital of P20,000 each to fast track possible ga
and make the business going. R resists such proposal since he believe
they will never be able to regain what they already lost. Is R correct?
Explain. What other remedy is available to the partnership to continue
with the business? Explain.
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