In the movie It Could Happen To You, a police officer (played by ...

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In the movie It Could Happen To You, a police officer (played by Nicholas Cage) does not have enough cash to leave a tip for a coffee shop server (Bridget Fonda). Cage promises to split a lottery ticket with her if he wins. The lottery ticket turns out to be a multi-million-dollar winner. Discuss the rights of the police officer and the coffee shop server.

Question 2

A partnership is a:
 A) tax paying entity.
 B) tax reporting entity.
 C) tax reporting and tax paying entity.
 D) neither a tax reporting nor a tax paying entity.

[ciecieme]

Answer to Question 1

Students should discuss assignment of benefits, which is what Cage did when he made a promise of the proceeds to her. The students might also raise whether the promise had to be in writing. Absent some specific state statutes on lottery split arrangements, the agreement does not fit into any of the Statute of Frauds requirements. The students might also discuss whether the shop server was an incidental beneficiary or credit or donee beneficiary in the relationship.

Answer to Question 2

B

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Thank you

[ciecieme]

No problemo