Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 1. Michael leased and managed a theatre in which a touring company under the management of one Charles was performing a play (a theatre).

image text in transcribed

QUESTION 1. Michael leased and managed a theatre in which a touring company under the management of one Charles was performing a play (a theatre). The financial arrangements (the sharing of the gross return) were that Charles received 40 percent of the gross box office receipts (ticket sales) with the remaining 60 per cent going to Michael. During a particular performance, Kathy, a member of the audience, was injured when a gun being used as a prop in the performance (and which should not have been loaded) accidently discharged and hit Kathy's shoulder. Kathy sued Michael and the court had to decide whether Michael, who had not been directly concerned with the specifics of the performance, could be made liable for the incident. Advise as to whether Michael could be made liable as partner and support your answer with relevant provision of the Partnership Act 1961 and two (2) relevant decided cases

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

Contemporary Issues In Quantitative Finance

Authors: Ahmet Can Inci

1st Edition

1032101121, 978-1032101125

More Books

Students also viewed these Finance questions

Question

Write a program to check an input year is leap or not.

Answered: 1 week ago

Question

Write short notes on departmentation.

Answered: 1 week ago

Question

What are the factors affecting organisation structure?

Answered: 1 week ago

Question

What are the features of Management?

Answered: 1 week ago

Question

Briefly explain the advantages of 'Management by Objectives'

Answered: 1 week ago

Question

Does it avoid use of underlining?

Answered: 1 week ago