Question
Kate Goodman hatched a plan to develop digital teaching platform for music teachers. After sharing her idea with Nancy Dileo and Sue Rogers , a
Kate Goodman hatched a plan to develop digital teaching platform for music teachers. After sharing her idea with Nancy Dileo and Sue Rogers , a partnership was formed by the three of them. The partnership planned to provide online ensemble software that could weave together separate data streams for students in remote teaching environment that would produce a final product duplicating the sound of a choir singing together and would be paid for by subscription. Rogers initially loaned the partnership $18k and they all agreed to receive equal portions of the profits, after the repayment of the loan from Rogers. After several months, the partnership began to have problems. Rogers and Goodman told Dileo that she was no longer a partner and blocked her access to the partnership e-mail account. The partnership never made a profit so they dissolved it. While winding up the affairs of the partnership. Rogers assessed the value of partnership's limited assets and assumed ownership of the assets, since they were less than the loan she made to the partnership. Dileo sued Goodman and Rogers, stating that the partnership was wrongfully dissolved and that she was entitled to the damages. Was she correct? Use LEGAL REASONINGS and citations.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started