The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Question
Chapter 16, Problem 1BS
Summary Introduction
Case summary:Person D is the owner of a chain of shoe stores. Person D hired person R as the manager of the store. A written contract was signed between them in which it was mentioned that person R will get a monthly salary plus 20 percent of the total profits. R introduced himself as a partner of D and showed agreement which notified the sharing of profit to the person C. C extended the credit to R. R defaulted.
To find: The liability of person D as a partner.
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The Legal Environment of Business: Text and Cases (MindTap Course List)
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