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Angola v. Flying Cat, LLC, 183 N.E.JU U (See Dissociation and Termination.) 37-6. Business Case Problem with Sample Answer- Partnerships. Karyl Paxton asked Christopher Sacco

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Angola v. Flying Cat, LLC, 183 N.E.JU U (See Dissociation and Termination.) 37-6. Business Case Problem with Sample Answer- Partnerships. Karyl Paxton asked Christopher Sacco to work with her interior design business, Pierce Pax- ton Collections, in New Orleans. At the time, they were in a romantic relationship. Sacco was involved in every aspect of the businessbookkeeping, marketing, and designbut was not paid a salary. He was reimbursed, however, for expenses charged to his personal credit card, which Paxton also used. Sacco took no profits from the firm, saying that he wanted to grow the business and "build sweat equity. When Paxton and Sacco's personal rela- tionship soured, she fired him. Sacco objected, claiming that they were partners. Is Sacco entitled to 50 percent of the profits of Pierce Paxton Collections? Explain. [Sacco v. Paxton, 133 So.3d 213 (La.App. 2014)] (See Formation and Operation.) For a sample answer to Problem 37-6, go to Appendix E at the end of this text. Angola v. Flying Cat, LLC, 183 N.E.JU U (See Dissociation and Termination.) 37-6. Business Case Problem with Sample Answer- Partnerships. Karyl Paxton asked Christopher Sacco to work with her interior design business, Pierce Pax- ton Collections, in New Orleans. At the time, they were in a romantic relationship. Sacco was involved in every aspect of the businessbookkeeping, marketing, and designbut was not paid a salary. He was reimbursed, however, for expenses charged to his personal credit card, which Paxton also used. Sacco took no profits from the firm, saying that he wanted to grow the business and "build sweat equity. When Paxton and Sacco's personal rela- tionship soured, she fired him. Sacco objected, claiming that they were partners. Is Sacco entitled to 50 percent of the profits of Pierce Paxton Collections? Explain. [Sacco v. Paxton, 133 So.3d 213 (La.App. 2014)] (See Formation and Operation.) For a sample answer to Problem 37-6, go to Appendix E at the end of this text

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