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Partnerships

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Partnerships

  • This topic has 3 replies, 3 voices, and was last updated 2 months ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 26, 2022 at 5:35 pm #651947
    ilham9089
    Participant
    • Topics: 239
    • Replies: 171
    • ☆☆☆

    HI, Mike in the lectures and notes you say that partnerships cannot be a one-off transaction but my exam kit says otherwise. It says a partnership can exist for a single business transaction.

    March 26, 2022 at 8:09 pm #651956
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22832
    • ☆☆☆☆☆

    I would imagine, without checking on the actual lecture, that I quoted the definition of a partnership as ‘the relationship that exists between two or more people carrying on a business in common with a view to profit’ and (hopefully) I also quoted the definition of a joint venture as being ‘a partnership for a particular adventure, venture, course of trade or voyage’

    Certainly when I was recording the lectures for the Financial Accounts paper, now replaced by the wonderful lectures by Chris, I would have defined a joint venture as above

    If a joint venture is created for a single event, say the attendance at a sales conference, then it necessarily follows that it’s possible to have a partnership for that one-off adventure and thus, by definition, it is available to have a joint venture / partnership for a single purpose

    Is that OK?

    January 6, 2023 at 11:13 am #675419
    charlottegreer
    Participant
    • Topics: 2
    • Replies: 2
    • ☆

    Hi Mike,

    Does open Tuition have new lecture notes and videos for F4 Corporate and business law for year 2022 /23
    As cannot find it anywhere.

    Think your lectures are great

    January 6, 2023 at 9:20 pm #675448
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22832
    • ☆☆☆☆☆

    Hi Charlotte

    Sadly, there’s no such thing these days as an F4 exam 🙁

    In fact, there are no F exams at all nowadays! What used to be the F4 exam has been replaced by the ACCA’s Law exam.

    As for new lecture notes … within the lectures I quote The Earl of Oxford’s Case. That’s from 1610 (give or take a couple of years) and there are numerous examples of 18th and 19th century cases that I refer to in my lectures. The point I’m making is that the law syllabus changes rarely and, even then, only minimally

    So please rest assured that the lectures on this site are fully up-to-date and relevant for students taking the ACCA’s Law Exam

    And thank you so much for your lovely comment about my lectures! That’s the nicest comment I’ve received this year 🙂

    Let me know if you come across any issues that require clarification

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