Question
Carol Kaye asked her cousin Chris Stort to work with her at her business, Beautiful Collections, in the State of Louisiana. At the time Stort
Carol Kaye asked her cousin Chris Stort to work with her at her business, Beautiful Collections, in the State of Louisiana. At the time Stort was involved in every aspect of the business - bookkeeping, marketing, and design; however, he was not paid a salary but was reimbursed on his personal credit card which Kaye also used. Stort was committed to taking no profits as he wanted the business to succeed. When the two got into a serious argument over a very important customer's request, Kaye told Stort, "You are fired!", but Stort insisted that he was now a partner to the company and could not be fired.
- Is Stort entitled to profits from Beautiful Collections?
- What other rights would he be entitled to? To assist you in answering this question, see Sacco v. Paxton, 133 So. 3d 213 (La. App. 4th Cir. 2014) - (Word).
- Assume the same facts but RUPA applies. Would your answer change and why?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Storts entitlement to profits from Beautiful Collections depends on whether he can establish that he ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
66422cf7974c5_984965.pdf
180 KBs PDF File
66422cf7974c5_984965.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started