PARTNERSHIPS & CORPORATIONS – PART II – PROFITS & LOSSES
By Rav Yitzchak Grossman
Weekly Overview
Video recap of this week’s topic given by Rav Yitzchak Grossman
Vicarious (Secondary) Liability: Who is Responsible?
Rav Yitzchok Grossman Question: In western law there’s a concept of vicarious responsibility, where an employer is sometimes responsible for…
If a Partner Engages in Unscrupulous Activities, How Does it Affect the Other Partners?
Rav Yitzchok Grossman Question: If one partner does something illegal on behalf of the partnership – for example, he buys…
If My Partnership Takes a Loan, am I Personally Liable?
Rav Yitzchak Grossman Question: If one partner arranges for a loan for the partnership as a whole, and now that…
Dividing Profits When the Terms Were Not Specified
Rav Yitzchok Grossman Question: How should partners split their profits when the terms were not clearly specified? If one partner…