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Read the Blumberg v. Ambrose case that begins on page 597 of the text (Chapter 17). Respond to the following questions: If an LLC was

Read the Blumberg v. Ambrose case that begins on page 597 of the text (Chapter 17).

Respond to the following questions:

  1. If an LLC was created, how is this case about the formulation of a partnership?
  2. What are the indications that there was a partnership created?
  3. Miscommunication is often the basis for litigation - what should the parties have done in this case?
  4. How do you define a partnership? What should you do before engaging in a business operation with another individual?
  5. What list of lessons could you develop for two people who are starting a business based on what happened in this case?

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