EBK THE LEGAL ENVIRONMENT OF BUSINESS:
10th Edition
ISBN: 9781337516051
Author: Miller
Publisher: YUZU
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Question
Chapter 16, Problem 2CT
Summary Introduction
Case summary: Person S bought a hotel H for a 20-year lease. Person S entered into a joint venture with person M. Person M managed the necessary funds and person S managed the business. The person G near the termination of lease approached S to redevelop the property. S signed a new lease in his individual capacity. S did not disclose the new lease to M. M learned about the deal and he filed a suit in court against S.
To find: The result in the case where person S had disclosed the proposal of person G to person M.
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EBK THE LEGAL ENVIRONMENT OF BUSINESS:
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