Possible Partnership Liability Of Violet And Sonny In Essay.

Partnership Act and Its ApplicationIn this case, the question that needs to be decided is related with the possible liability of Violet and Sonny regarding the loan taken by Busy Bee Florist Shop from Friendly Bank. For this purpose, it needs to be seen if both of them can be treated as the partners in the business and as a result, liable to Friendly Bank for the loan.
In other to deal with this issue, section 1 of the Partnership Act (Vic)…