Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Rex, Roy, and Ray decide to form a business entity to sell computers at a mall in Cheras. Rex and Roy are 23 years old,
Rex, Roy, and Ray decide to form a business entity to sell computers at a mall in Cheras. Rex and Roy are 23 years old, and Ray is 17 years old. They agree via email to work together and that the prots (excluding expenses) are to be divided between Rex and Roy 40 % each and Ray 20%. Since Ray is a minor, Ray's father named Max has agreed to help him with any documentation. Advise them on the following legal issues: (a) Is there a valid contract between the parties? (b) Suggest a business entity suitable for Rex, Roy & Ray, and legal benets of such an entity. (0) A driver they hired called Mr. Hurry knocks into a pedestrian while delivering computers to customers. The pedestrian, a blind man wants to sue them. (d) A customer, Mr. Fox who bought a computer directly from them online says it is defective and wants to sue them. There is strictly no right or wrong answer, iust substantiate your answer with valid reasons, solutions and cite authorities. Try your best to answer in your own unique way. [40 marks]
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