Jess and Luna are partners in a bakery business. For the past few months, their business struggled to make any profit - largely due to the high rent payable on their high street shopfront. Luna believes they should end the lease and move their business entirely online. Jess refuses to even consider the idea of moving online.

After yet anotherargumentabout ending the lease, Luna stormed out of the shop and was heard yelling"I quit!!... You can find yourself another business partner! ... I will be back at the end of the day to pick up all of the equipment I brought into the business when we first started."

Required:Assume Luna and Jess don't have a partnership agreement, advise Jess whether Luna is allowed to take the equipment. You must refer to relevant law.

Note: Although you don't have to use the IRAC method, youmustrefer to law and youmustexplain how this impacts Jess and Luna