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Partnership help

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asked on Mar 16, 2011 at 01:35
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I encountered a confusing question and need advise to help me get through this question. The question is X, Y, and Z are partners and formed XYZ & Co. Under a contract, Chan had supplied A4 papers to XYZ & Co. X, is Chan's uncle and they have close relationship.

Chan had attempted several request for the payment from X. However, no payment made until date. So, Chan brought legal action against XYZ & Co. Unfortunately, XYZ & Co. do not have enough properties to cover the payment. Regarding this, Chan decided to bring action against X, Y, and Z. However, due to relationship with X, Chan decided to only sue Y and Z. Y and Z disagree and told Chan that he should take action against all partners.

As a business law student, advise Chan how to deal with the situation.

Of course, I try to solve it first before seeking advise. The only problem is whether Chan can bring another action against the partners after he brought legal action against XYZ & Co.
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1 Answers

answered on Aug 13, 2012 at 17:40
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when it involves partnerships it is best to negotiate first. but it is not easy and you might want to consider using a mediator to help you. you can call a certified mediator to ask some questions. you can try these numbers: 0146417833 and 0322890775. it is a very fair, cheap and fast process if all parties are ok.
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