Explain is glenn liable in given situation

Assignment Help Management Theories
Reference no: EM131387581

Glenn refuses an invitation to become a partner of Dorothy and Cynthia in a retail grocery business. Nevertheless, Dorothy inserts an advertisement in the local newspaper representing Glenn as their partner.

Glenn takes no steps to deny the existence of a partnership between them. Ron, who extended credit to the firm, seeks to hold Glenn liable as a partner. Is Glenn liable? Explain.

Reference no: EM131387581

Questions Cloud

What are some of the expenses that you will be looking at : Question 1: You are the CFO of health organization. Your CEO informed you that you must find a way to cut your budget by 5 million dollars for the following year. i) What are some of the expenses that you will be looking at?
Does social media marketing work in the btb marketplace : Social media marketing depends on involvement and word-of-mouth. However, there are risks when using social media marketing. Discuss the pros and cons of using social media such as LinkedIn, Facebook, and online blogs as part of an integrated mark..
Who will prevail and why : Jack later regained his financial responsibility, and Charles brought an appropriate action against Jack for (a) one-half of the $500,000 he had paid to partnership creditors and (b) one-half of $80,000, the reasonable value of Charles's services ..
Expected to be one of the largest ipo : Snap is expected to be one of the largest IPO's of 2017, with a $25 Billion Valuation. How would you "pitch" to investors that Snap is going to be the next Facebook (up over 200% since its IPO ) and not the next Twitter (down over 50% since its IP..
Explain is glenn liable in given situation : Glenn takes no steps to deny the existence of a partnership between them. Ron, who extended credit to the firm, seeks to hold Glenn liable as a partner. Is Glenn liable? Explain.
Before-tax cost of capital for this debt financing : DMB, Inc. sells $100 million worth of 26-year to maturity 12.32% annual coupon bonds. The net proceeds (proceeds after flotation costs) are $858 for each $1,000 bond. What is the before-tax cost of capital for this debt financing?
Describe what the bound tariff rate : Describe what the bound tariff rate is. What is an applied tariff rate? What term is used to describe the difference between the bound and applied tariff rates?
What judgments as to each : Hanover and George each bring separate actions against Black as copartner for the alleged tort committed by Brown against each. What judgments as to each?
Find jobs that are related to international business : Find two different jobs that are related to international business you would be interested in applying for after you graduate (you may also find internship opportunities if you prefer)

Reviews

Write a Review

Management Theories Questions & Answers

  Porter 5 forces in the singapore port management

. Porter 5 Forces in the Singapore port management

  Identify factors responsible for indiscipline in industry

Identify the factors responsible for indiscipline in industry. - Also explain the procedure of disciplinary action.

  Discuss the process of planning

Discuss the process of planning and discuss the various remedies for effective communication.

  What is the company mission statement

Write a 350- to 700-word paper in which you address the following: What is the company's mission statement? What is the company's vision statement? What role do these have on the way the business operates?

  Advantages and disadvantages of share capital

Advantages and disadvantages of share capital

  Most common problems encountered in systems development.

Identify and discuss five of the most common problems encountered in systems development. What are some of the solutions that you will offer to minimize the identified issues? Please, justify your answer.2-4 pages, not including cover sheet and refer..

  Can ganley introduce into evidence oral representations

The contract, however, provided: ‘‘The contractor [Ganley] has examined the said contracts ..., knows all the requirements, and is not relying upon any statement made by the company in respect thereto.'' Can Ganley introduce into evidence the oral..

  A markov chain model for winter weather in minnesota

The weather Markov chain of Example 10.10 has stationary distribution is π = (1/4, 1/5, 11/20). Determine whether or not the Markov chain is time reversible.

  Describe the management style you believe you would like

Research different management styles and write a 750-1,000-word paper describing the management style you believe you would like to emulate.

  Circle k carries convenience snack foods

Circle K carries convenience snack foods and drinks, as well as local souvenirs

  Discuss ethanol as a transportation fuel

In 2-3 pages, using APA-style formatting, discuss ethanol as a transportation fuel. Identify at least three advantages and three disadvantages of its use.

  What are the industry''s dominant economic features

What are the industry's dominant economic features?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd