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Mary and Jane grew up next door to each other and have been best friends since kindergarten. They always had a keen interest in video
Mary and Jane grew up next door to each other and have been best friends since kindergarten. They always had a keen interest in video gaming and would often host FIFA tournaments for their friends during the surruner holidays. In the Summer of 201319, Mary even got the opportunity to participate in an international FIFA tournament hosted by the video game giant FA Sports1 where she was ranked in the top ID players globally and won USU SS... After graduating 'om the University of the West Indies Business School in 2015. Mary suggested that they open a video game arcade where they would charge patrons for playing video games on various platforms such as Nintendo. PlayStation. Xbox. a computer option for computer gaming enthusiasts as well as the retail of video games. consoles1 and accessories. Thus. using their savings. help from their parents and a small loan of EDS $ltl.t]t].[l[l from the National Bank of Barbados. Mary and Jane set up shop as \"Game Stop LtdH on upper Broad Street. in an area close to the bus terminal1 where secondary school students often congregate after school. Game Stop"'s opening hours are from 2 PM until It] PM. Monday to Friday and from [D AM to 10 PM on Saturdays. Due to the arcade's wide selection of video games for different age groups as well as the retail side of the business. before long. business was booming. For the rst two years. both Mary and Jane were actively involved in the management of Game Stop"'s single location and the business operated without incident. In ElT. Mary and Jane decided that due to the success the company had seen during the two previous years1 it would be prudent for them to seek an expansion and a few months later. the company opened a new location at the Heraton Mall. where students ocked after school and on Saturdays. Game Stop Ltd's board of directors. which comprised of Mary and Jane and their mutual friend Sarah. by company resolution decided that Mary would remain in charge of Game Stop's Broad Street operations and Jane would manage the Heraton Mall location. Notwithstanding, the company's policy of getting at least three quotes in procuring goods and services, .lane asks her father's construction rm to submit a quote for outfitting the Heraton Mall location. The construction rm duly submits a quote for $1,. and before she can get approval from Game Stop's board of directors, accepts the construction company's quote and request that they commence work outfitting the arcade. .lane then submits a bill for BBS $l,. to the Company, so that payment could be approved. Before long, the Heraton Mall side of the business is a hit with the students who hang out at the Heraton Mall. One year after the Heraton Mall Branch opens, during a routine monthly audit, Maryls father who is the company's accountant, informs Game Stop's board that according to the Company's balance sheet, the Heraton Mall Branch is in nancial difficulty and is barely able to pay its bills. Mary is shocked as Jane had previously always reassured her that the location was \"doing 1t'ery well" and would soon be more protable than the company's Broad Street location. Two weeks later Mary decides to call Jane around 4 PM to inform .lane of her plans to call a board meeting to ask the company's board to conduct a forensic audit into the company's nances, .lane informs her that she is at the Port clearing her new El] 19 Dodge Challenger Demon, which she just imported from the LLS. Mary becomes 1t'ery suspicious of Jane and succeeds in requesting the Board to call meeting and to pass a resolution to conduct a forensic audit into Game Stop's nances. The audit, which is completed two months later, reyeals serious discrepancies into the accounts of the Heraton Mall Branch. Mary is liyid with Jane and no longer wishes to have her as a business partner. She would like to buy Jane's share of the business. However, .lane is reluctant to sell on the basis that she has just as much right to the business as Mary
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