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The Jeddah Commercial Court ruled that a citizen’s partnership with his son in a jewelry and gold establishment turned out to be 55%, after a lawsuit filed by the father against his son, who denied the existence of a partnership with his father in the first place.
Sources said, according to Okaz, that the father confirmed in his lawsuit that the foundation was his property because it came from his money, and that he had written it in the name of his son accused of being the only son to the time.
The sources added that the father required proof of 90% of his partnership in the institution, real estate and bank balances he had approved, and 10% proof from the defendant in exchange for running the institution.
She said the son denied any partnership with his father and claimed he started his business by obtaining a license for a precious metals store, but witness statements were consistent with the father’s statements in addition to his oath, so that the court ruled in his favor.
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