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Based on Owen v Cohen 119 P.2d 713 (Cal. 1941) 1. Given the virtual freeze-out of Owen by Cohen, what options are available to Owen
Based on Owen v Cohen
119 P.2d 713 (Cal. 1941)
1. Given the virtual freeze-out of Owen by Cohen, what options are available to Owen and which, if any, are the advisable options to take . . . keeping in mind that Owen loaned almost $7,000 to the partnership and Owen believes that after payment of receiver's costs and fees and all general debt of the bowling alley, there may be some equity left for a distribution to the partners? What reasoning justifies/supports your advice on the best course of action for Owen to take?
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