This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Joe and Sam were in business school together, and after they graduated they decided to open an ... (Read 274 times)

fahad

  • Hero Member
  • *****
  • Posts: 570
on: Aug 7, 2021
Joe and Sam were in business school together, and after they graduated they decided to open an ice-cream store in a mall. They had skipped the classes in which they were taught about different methods and forms of carrying on business and so gave no thought to how they would structure their relationship. Which of the following is true with respect to the legal positions of Joe and Sam?
◦ Sam and Joe are not in a partnership since they have not specifically agreed to be.
◦ If Sam opens another ice cream store in another mall in a nearby city without telling Joe, he must share any profits he makes with Joe.
◦ If Sam were to find a great deal on anchovy ice cream and purchase 2000 litres of it, only Sam would be liable for the debt incurred as a result of the purchase.
◦ If a customer were injured because of poorly kept food and Sam did not have the assets to pay his half, Joe would only have to pay his half of the damages suffered.
◦ If Sam opens another ice cream store in another mall in a nearby city without telling Joe, Joe would be liable for any losses Sam suffered (along with Sam).
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fahad on Aug 7, 2021

brbarasa

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 30% of students answer this correctly


Prabhnoor Singh

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Aug 8, 2022
thank you


« previous next »
 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

The jaguar can range across a variety of forested and open habitat, but is strongly associated with The jaguar can range across a variety of forested and open habitat, but is strongly associated with
School-age children are often independent and industrious, with a developing sense of self-confidenc School-age children are often independent and industrious, with a developing sense of self-confidenc
The oral cavity: (A) sagittal section; (B) anterior view as seen through the open mouth. The oral cavity: (A) sagittal section; (B) anterior view as seen through the open mouth.
Hang the canister from the vehicle’s hood and adjust the air pressure regulator to full OPEN ... Hang the canister from the vehicle’s hood and adjust the air pressure regulator to full OPEN ...
School aged chess player School aged chess player
High school science classes are required to use deductive logic High school science classes are required to use deductive logic
Video: Simple Diffusion - Ion transport

For a complete list of videos, visit our video library