AHH~!!!! EXAMS COMING~!!! AHH~!!!! i'm going nuts man... business + corporate law is never my forte... i suck at memorizing... cause i'm a USB 2.0 Flash memory with a memory space of 25MB XD

i'm studying the diff business organization... what's sole proprietorship, partnership, blah blah... told my dear i've got big prob memorizing... then we talk talk talk and he came to a suggestion where by why not make it funny and i'll be able to memorize it better? =,= and i totally turned nuts and started blabbering this... *those who are taking law papers might wanna take a paper and pen and write these down...*

14 Properties of Partnerships

1. Partnership is a bunch of monkeys who get together to do monkey business so that can earn bananas not peanuts...

2. Laws on partnership can be found in partnership act 391 and cases laws governing partnership... (this one's more zhen jing)

3. Partnership does not have a separate legal entity which means partners and business is seen as one... (this one's more zhen jing too)

4. Partnership has unlimited liability which means tt fellow can owe people lots of money up till the moon... (i starting to be abit cranked up)

5. Partners are legal persons... (still cool~)

6. Partners are agents... they represent the partnership... so wad ever monkey business they sign... other monkeys are binded to it... so if you got one poo poo monkey likes 2 get poo poo business... its either u clear the shit then leave the partnership or prepare 2 b a bankrupt monkey... (hee~!)

7. When one monkey ones to leave the gang... the whole gang will hafta disband and regang...
that includes when a monkey wanna join too... gotta disband and reband... so mafan... (wee~!)

8. All monkeys are to share their bananas equally among each other unless otherwise stated or agreed... so no monkey fight... (wahhhhhh~~~)

9. All monkeys banana incomes are taxable at a personal income tax rate... therefore less bananas for them... (wah hahhahaa~~~)

10. All professional monkeys who specilize in law and accounting or other professionals may form a partnership which comprises of more than 20 monkeys... (professional monkeys!)

Otherwise, 11. Its illegal to haf 20 monkeys together doing monkey business base on cap 17(3) of the partnership act... (>.<)

12. Monkeys will also have to pay for public taxes and their monkey accounts are not available for public... means no humans can read the book of monkey accounts which is full of bananas... XD

13. Rights of the monkeys is non-transferrable nor assignable to any other hou zi hou sun unless the rest of the monkeys agree to it... (nuts nuts nuts~)

14. Best of all... when the monkeys wanna start business... they dun nid spend alot of bananas bribing the monkey god nor nid to pray to monkey god (as in little formalities)... (wo feng le~!)

Haha... this is the end of partnership properties using monkey as an example... would like to make a disclaimer notice... the monkeys written in this article is not referring to anybody in specific or out to humiliate anybody... this is written purely for your reading pleasure and for my distressal... please do not sue me for what ever reason... if you wish to use this very good article/example/tool/blah for your own purpose... please inform me at 91509851 as this is patented and copyrighted by me me and only me at this patent number 20070312-2957190. Thank You and Good Nite~!