In 1980, Defendants William Daniels and Claudia Daniels, and other family members, formed a general partnership known
Question:
1. What facts would have to have existed for the defendants to be granted summary judgment?
Clue: What does the court say at the start of its final paragraph?
2. The defendants are assuming that the duties of the partners to the business association are something about which the parties to the agreement must negotiate. What does the court mean in this regard when it says the duties are "imposed by law"?
Clue: Once a partnership agreement is signed, does the very fact of its existence as a partnership mean that certain duties exist?
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...
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Related Book For
The Legal Environment of Business A Critical Thinking Approach
ISBN: 978-0132664844
6th Edition
Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne
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