1. In the course of a social gathering of ballet enthusiasts at a Russian Ballet performance in Copenhagen, two long-time friends, Hans and Christian agreed to stage a Swan Lake ballet production with local ballet dancers. One of the friends and party, Hans agreed to receive 60 per cent of the takings from the ballet and that he will pay for the theatre, lighting and advertising; while Christian, the other party agreed to receive only 40 per cent of the takings and to pay for the dancers' fees, costumes and scenery. Is there a partnership or a joint venture in existence between the two friends and parties in this arrangement?
2. Is a partnership registered under a business or trade name a company (corporation)?
3. Is every partner in a partnership an agent for every other partner?
4. What is the liability of partners for debts in the partnership?
5. Is the partnership relationship on where there is a fiduciary duty?
6. What are the three elements of the statutory definition of a partnership?
7. What is the difference between law and justice?
8. What is insider trading, and why is it so prohibited under the general law and statutory corporation's law.
9. What are the business benefits of applying and promoting ethical considerations in business?
10. What do you think has been the global impact of a failure of ethical standards by businesses and corporations at domestic and international levels?