OPQR partnership was engaged in a money exchange business. Duethe travel restrictions and many lockdowns, their business sufferedcontinuous losses and despite many other strategies employed, havehard time of getting back up. O, P and Q agreed that since NCR has b-placed in Alert Level 3 and travel is now allowed, they should allcontribute additional capital of P20,000 each to fast track possible gaand make the business going. R resists such proposal since he believethey will never be able to regain what they already lost. Is R correct?Explain. What other remedy is available to the partnership to continuewith the business? Explain.

A partnership is a form of business ownership in which two or more than individuals contribute…

Answered: OPQR partnership was engaged in a money…

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