In a famous old case Sherwood v. Walker, Sherwood sold Walker a ...

[pragya sharda]

In a famous old case Sherwood v. Walker, Sherwood sold Walker a cow for 80 that both believed could not produce calves. When it was later discovered the cow could calve, which made her much more valuable, Sherwood sued to get the cow back. You would expect the Supreme Court of Michigan ruled for:
 a. Walker; it was a valid contract; he keeps the cow
  b. Sherwood; he did not get the cow back, but got the price for the more valuable animal c. Sherwood; the contract violated the statute of frauds and so the contract was canceled d. Walker and imposed punitive damages on Sherwood for bringing a nuisance suit
  e. none of the other choices

Question 2

Which of the following is a right of a limited partner in a limited partnership:
 a. the right to see the partnership books
  b. the right to participate in the dissolution of the business c. the right to take an active role in managing the business d. both a and b are rights of a limited partner
  e. none of the other specific choices are rights of a limited partner

[kingdude89]

Answer to Question 1

e

Answer to Question 2

d

[pragya sharda]

Thank you

[kingdude89]

Happy to help you