Question
5. Bob, a property owner, gives Janine the right to use his premises to run a business. Janine pays Bob a weekly amount from the
5. Bob, a property owner, gives Janine the right to use his premises to run a business. Janine pays Bob a weekly amount from the profits made in return for the right to use the premises. Bob is not involved in any of the activities related to running the business and he has no right of entry to the premises while Janine is conducting her business. Is Bib a partner of Janine? Discuss.
7. Greg, Allan and George are partners in a small law firm specialising in family and property law, and share a large city office where they operate their business. Their partnership agreement states that all profit, debts, and liabilities of the firm are to be shared equally amongst partners. Greg sometimes conducts client meeting from his home office in the evenings and on weekends. He also offers these clients additional legal services such as wills and estate planning. He does not share the profits from these transactions with his business partners. Is Greg required to account for these profits under the Partnership Act?
1.(420) What is the essential idea that is at the heart of the law of agency?
3.(420) Distinguish between actual and apparent authority.
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