Pursuant to an oral agreement

Assignment Help Operation Management

Reference no: EM131749729

Pursuant to an oral agreement, Andy and Jeff formed a partnership to do kitchen remodeling. It was agreed that Andy was to invest 10,000 and manage the business affairs. Jeff, who would invest 1,000, was to work as a job superintend and manage the work. Profits were to be split fifty-fifty, but possible loses were not discussed. The business proved unprofitable, and Andy brought action against Jeff for one-half of the losses. To what extent is Jeff liable? Explain.

Reference no: EM131749729

Questions Cloud

About the styles of communication among the jurors : What did you notice about the styles of communication among the jurors? Which styles were most effective? Least effective?

Use the strategic planning outline : Use the Strategic Planning Outline as a guide to complete sections of your capstone project each week.

Average gpa of domestic and international applicants : Write a function in cell N22 to compare the average GPA of domestic and international applicants.

Based-financial aid to the applicants based on their gpa : Write a Hlgekup function in Cell H2 to assign the appropriate school based-financial aid to the applicants based on their GPA.

Pursuant to an oral agreement : Pursuant to an oral agreement, Andy and Jeff formed a partnership to do kitchen remodeling.

Do you forecast labour shortage or surplus : Do you forecast a labour shortage or surplus? Develop a clear plan to help address the forecast labour shortage or surplus.

Define the variables that would be used in linear program : Carefully define the variables that would be used in a linear program. Set up the linear program for this situation to minimize total cost.

Describe the power distance dimension : Describe the power distance dimension. What are the managerial implications of this dimension?

Computing the amount of slack in the noncritical paths : identifying the critical path for each phase and computing the amount of slack in the noncritical paths

User Account

All Pages