Bundle: The Legal Environment Of Business: Text And Cases, 10th + Mindtap Business Law, 1 Term (6 Months) Printed Access Card
10th Edition
ISBN: 9781337374835
Author: CROSS
Publisher: CENGAGE L
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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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Bundle: The Legal Environment Of Business: Text And Cases, 10th + Mindtap Business Law, 1 Term (6 Months) Printed Access Card
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