Question
Nadia's new clients are five relatives (adult siblings and cousins) who own a commercial property together. They haven't organized a formal business entity and don't
Nadia's new clients are five relatives (adult siblings and cousins) who own a commercial property together. They haven't organized a formal business entity and don't plan to. The management agreement that Nadia enters into should:
a.have an initial term of at least three years
b.appoint Nadia as the sole decision-maker for the property, so that consultation with the owners will not be necessary
c.designate one of the owners as the representative of the others, for consultation and decision-making
d.be signed only by Nadia and the designated decision-maker
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