Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Scenario: (Australian Law) Paris is a partner in a physiotherapy practice, PRB Partners, in Camberwell.Rome and Berlin are the other two partners.The practice is run

Scenario: (Australian Law)

Paris is a partner in a physiotherapy practice, PRB Partners, in Camberwell.Rome and Berlin are the other two partners.The practice is run from a leased property, which was acquired by the partnership when they started business.The lease had an option to renew that had to be exercised by all three partners.Although all three partners have worked in harmony for well over 10 years, recently their relationship has started to break down.The three partners decide to part ways, despite the long and successful relationship.Paris has always felt that even if the partnership were to fail, that he would like to remain on the same premises, as he lived very close by and loved the area. He negotiates a new lease of the property with the landlord, and does not inform Rome and Berlin, despite the fact that the partnership had yet to be wound up.Rome and Berlin later become aware of the new lease, and feel that this should not have taken place, as the lease had been very profitable for the partnership.

Please advise Rome and Berlin.

Please use case law and statute to support your answer. (Australian Law)

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

Contract Law

Authors: Ewan McKendrick

13th Edition

1352005255, 978-1352005257

More Books

Students also viewed these Law questions

Question

Population

Answered: 1 week ago

Question

The feeling of boredom.

Answered: 1 week ago