Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jack Spratt, a young, employed 19 year old program developer and entrepreneur, with a good credit rating, has arrived at your office to ask your

Jack Spratt, a young, employed 19 year old program developer and entrepreneur, with a good credit rating, has arrived at your office to ask your advice concerning a business venture he is considering

jack is interested in starting an app development business . he has come to you with the following questions :

(i) Realizing that he needs to rent office space, he informed you that yesterday he visited the offices of dewey, Cheatum, & Howe , a real estate agent offering commercial premises for rent. After explaining his requirement, they advise Jack that their clients would not be interested in renting any premises to an individual of 19 years. Jack is shocked by this answer and asks you if the owner of the premises is legally permitted to refuse to enter into a leasing agreement with Jack.

(ii) Jack would also like to know what business form he should select (sole proprietor, or corporation) and the reason for such a selection

(iii) finally jack realizes that in establishment this business venture, he may need to enter into numerous contracts. in point form what are the type of contracts you think he may need

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essential Criminal Law

Authors: Matthew Lippman

3rd Edition

154435598X, 978-1544355986

More Books

Students also viewed these Law questions