Knowledge Integration Dmba610

DMBA 610 Knowledge Integration As call attentionment Spring 2012 1 (a) stackstairs the law, how very much profit is Boyd entitled to? Why? (200 quarrel or fewer) Although the quislings did non file an agreement with the call forth, they had agreement that expenses and loot depart be sh ard 50:50 and since no changes were made to that sign agreement it still stands. Each partner is entitled to 50% of the profits, Their agreement can be express or implied, (Bagley & sad 2010). Based on the agreement Boyd is entitled to 50% of the profits 1 (b) At the time Raylan and Boyd are winding down the communication channel, smart Sauces demands payment for the BBQ sauce. If warrant BBQ refuses to pay, who can knowing Sauces sue? Who is nonresistant for paying for the BBQ sauce? (300 words or fewer) According to Bagley & smash (2010), in general unions all partners get to some ascendancy over business decisions and can declaim on beha lf of the league unless it is clearly expressed that they do not have the authority. Without much(prenominal) expressly written agreement to the contrary; every partner has the authority to bind the partnership with respect to third gear parties (Bagley & evil 2010).

Since Boyd signed a contract with sassy sauces on behalf of Justified BBQ, all the partners of Justified BBQ can be sued for non-payment. two partners are equally responsible just equivalent they would be if they were a married couple, In some respects, a partnership is like a marriage or a family. Its members grapple not only the benefits of the relationship but the burdens as tumefy. (Bagley & assault 2010)! 1 (c) If Justified BBQ were a tidy sum kinda of a partnership, who would be responsible for the payment for the BBQ sauce if the corporation went interrupt? Why? (300 words or fewer) Bagley & Savage (2010) state that a general partnership is an entity is created when two or more than batch decide to pool their money, labor and or skills towards a business venture with the aim of sharing...If you want to get a expert essay, order it on our website: BestEssayCheap.com

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