Description

LAW OF OTHER BUSINESS ASSOCIATION

Question One:

• Talash and fifteen of her former college-mates are unable to get formal employment. They intend to pool their resources to start some business for their economic development. They feel that their hope largely lies in a co-operative society to realize their objective. They have come to you for advice on how to go about starting a cooperative society. Advise them of the requirements they need to meet to enable them register a co-operative society.

(15 marks)

• Explain the essential elements of a partnership.

(10 marks)