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

Author Question: Three men decided to form a partnership to look for buried treasure. Luke and Mark had expensive ... (Read 97 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Aug 7, 2021
Three men decided to form a partnership to look for buried treasure. Luke and Mark had expensive equipment, experience, and expertise. The third partner, Cyrus, had an old treasure map. The three men agreed to meet on Monday on an island in the Caribbean. Cyrus had his holiday start a few days earlier so he went ahead "to set up camp." Before the others arrived Cyrus found the treasure. When they stepped off the plane, Cyrus handed them a dissolution of partnership notice and claimed the entire treasure for himself. Do Luke and Mark have any legal claim to the treasure?
◦ No, Luke and Mark's assets and experience were not used to find the treasure.
◦ No, but they can claim all of the out-of-pocket expenses associated with the aborted trip to the Caribbean.
◦ No, the partnership was dissolved before the full value of the treasure was determined.
◦ Yes, the treasure was found before the partnership was dissolved; therefore, Cyrus must account for the profit he made.
◦ Yes, they have an equitable claim for specific performance to the treasure.
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 laurencescou on Aug 7, 2021

Anna

  • Sr. Member
  • ****
  • Posts: 343
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 29% of students answer this correctly


laurencescou

  • Member
  • Posts: 593
Reply 2 on: Aug 7, 2021
YES! Correct, THANKS for helping me on my review

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Covalent Bonding Can Form Compounds Covalent Bonding Can Form Compounds
Several species of squirrels have melanistic phases. In large parts of United States and Canada, the Several species of squirrels have melanistic phases. In large parts of United States and Canada, the
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
The legacy of Confucian thought continued for centuries in the form of civil service examinations ... The legacy of Confucian thought continued for centuries in the form of civil service examinations ...
Urban Form Urban Form
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library