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

  The quantity dis¬count model requires this information

Explain why it is not necessary to include product cost (price or price times quantity) in the EOQ model, but the quantity dis¬count model requires this information.

  Why do you think government reacted that way

Explain why or why not.5. When government began closing hospital beds and withdrawing money from the health care system, critics claimed that the lives of individuals were being put in jeopardy. Initially, government did nothing. Why do you think gov..

  Explain the importance of mutual engagement

Prepare a paper describing the essential tools and/or elements you would use to combat resistance to organizational change. Be sure to address

  Quality of work life initiatives

Quality of Work/Life Initiatives.

  Using the un weighted factor-rating method

Ranga Ramasesh is the operations manager for a firm that is trying to decide which one of four countries it should research for possible outsourcing providers.

  Charge of fourth degree burglary

Some but not all of the jewelry was subsequently recovered from the delivery persons. Prior to being em- ployed by the delivery company, one of the de- liverers had pled guilty to a charge of fourth degree burglary with the intention to commit the..

  The cheesecake factory overall market potential

What are your views regarding The Cheesecake Factory's overall market potential?

  The external of a business plays an important role

Homework: The external of a business plays an important role in setting internal policies regarding an information infrastructure. There are many variables that makes interpreting that environment quite difficult, especially when business operate ..

  Mission improvisable

Mission "Improvisable"

  Self manage arrangement

What if I am a production worker and my company wants to go to a self manage arrangement, what are some things we can do to solve the problem, make the decision that in the past we always look at the supervisor. List of these things.

  How implementing nationwide broadband create technology jobs

How will implementing nationwide broadband create technology jobs? Identify three new products or services you could create based on nationwide broadband. Will a nationwide broadband plan eliminate the digital divide in the United States?

  Who brings suit against amos for breach of contract

At the end of the eight-month trial period, Amos discharges Elizabeth, who brings suit against Amos for breach of contract. Is Amos liable? Why?

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