Reference no: EM131387331
Albert, Betty, and Carol own and operate the Roy Lumber Company. Each contributed one-third of the capital, and they share equally in the profits and losses. Their partnership agreement provides that two partners must authorize all purchases over $2,500 in advance and that only Albert is authorized to draw checks.
Unknown to Albert or Carol, Betty purchases on the firm's account a $5,500 diamond bracelet and a $5,000 forklift and orders $5,000 worth of logs, all from Doug, who operates a jewelry store and is engaged in various activities connected with the lumber business. Before Betty made these purchases, Albert told Doug that Betty is not the log buyer. Albert refuses to pay Doug for Betty's purchases. Doug calls at the mill to collect, and Albert again refuses to pay him. Doug calls Albert an unprintable name, and Albert then punches Doug in the nose, knocking him out.
While Doug is lying unconscious on the ground, an employee of Roy Lumber Company negligently drops a log on Doug's leg, breaking three bones. The firm and the three partners are completely solvent. What are the rights of Doug against Roy Lumber Company, Albert, Betty, and Carol?
|
Are strazella and spitzer partners of chaiken
: Finally, the agreements stated hours of work and holidays for Strazella and Spitzer and required Chaiken to hold and distribute all receipts. Are Strazella and Spitzer partners of Chaiken or are they his employees? Explain.
|
|
Discuss each of the six skills of a good leader
: Discuss each of the six skills of a good leader from the "Best Practices for Comprehensive Tobacco Control Programs--2014: 'I. State and Community Interventions"' document.Include whether each skill is a strength or a challenge for you.Discuss what..
|
|
Manage day to day operations
: What is the 6 step decision making process how does it help manage day to day operations?
|
|
City of econville has three bookstores on the main circle
: The city of Econville has three bookstores on the Main Circle that is 1 mile long. The bookstores have no costs. The distance between any two neighboring stores is the same and equal to 1/3 miles. There are 100 residents uniformly located along the M..
|
|
What are the rights of doug against roy lumber company
: The firm and the three partners are completely solvent. What are the rights of Doug against Roy Lumber Company, Albert, Betty, and Carol?
|
|
The equation for the demand curve facing cereal makers
: A unit circle representing the dimension of ”mouth feel” in breakfast cereals has 200 con- sumers spread uniformly along it. What is the equation for the demand curve facing cereal makers? What is the symmetric equilibrium under free entry if the cer..
|
|
Should harold succeed
: Paula, Fred, and Stephanie agree that Paula and Fred will form and conduct a partnership business and that Stephanie will become a partner in two years.- Should Harold succeed?
|
|
Example of a managerial decision that linear programming
: Give an example of a managerial decision that linear programming can answer, and then respond to it substantively. Be sure to back up your opinion with facts, citing sources from inside and/or out of class as appropriate.
|
|
Would alaskas cash flow be favorably or unfavorably affected
: Assessing Economic Exposure Alaska, Inc., plans to create and finance a subsidiary in Mexico. Would Alaska's cash flows be favorably or unfavorably affected if the Mexican peso depreciates over time?
|