1. a. Why was Roses work for Right Away Foods considered a violation of the partnership agreement?...

Question:

1. a. Why was Rose’s work for Right Away Foods considered a violation of the agreement?
b. Why did Rose’s “after-hours” argument fail?
2. Could Rose operate a gas station without violating the agreement?
Veal Sr., Beale Jr., Gibson, Parker, and Rose were partners in an accounting firm. The agreement permitted partners to pursue other business interests so long as doing so did not conflict with the practice. Rose performed accounting work for Right Away Foods and Payne, receiving the compensation personally. Rose’s partners claimed that he owed them a share in that he had competed with the firm in violation of the agreement. The jury held for Rose. The partners appealed.
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...