Should harold succeed, Paula, Fred, and Stephanie agree

Should harold succeed

Assignment Help Management Theories

Reference no: EM131387329

Paula, Fred, and Stephanie agree that Paula and Fred will form and conduct a partnership business and that Stephanie will become a partner in two years. Stephanie agrees to lend the firm $50,000 and take 10 percent of the profits in lieu of interest.

Without Stephanie's knowledge, Paula and Fred tell Harold that Stephanie is a partner, and Harold, relying on Stephanie's sound financial status, gives the firm credit. The firm later becomes insolvent, and Harold seeks to hold Stephanie liable as a partner. Should Harold succeed?

Reference no: EM131387329

Questions Cloud

Manage day to day operations : What is the 6 step decision making process how does it help manage day to day operations?

City of econville has three bookstores on the main circle : The city of Econville has three bookstores on the Main Circle that is 1 mile long. The bookstores have no costs. The distance between any two neighboring stores is the same and equal to 1/3 miles. There are 100 residents uniformly located along the M..

What are the rights of doug against roy lumber company : The firm and the three partners are completely solvent. What are the rights of Doug against Roy Lumber Company, Albert, Betty, and Carol?

The equation for the demand curve facing cereal makers : A unit circle representing the dimension of ”mouth feel” in breakfast cereals has 200 con- sumers spread uniformly along it. What is the equation for the demand curve facing cereal makers? What is the symmetric equilibrium under free entry if the cer..

Should harold succeed : Paula, Fred, and Stephanie agree that Paula and Fred will form and conduct a partnership business and that Stephanie will become a partner in two years.- Should Harold succeed?

Example of a managerial decision that linear programming : Give an example of a managerial decision that linear programming can answer, and then respond to it substantively. Be sure to back up your opinion with facts, citing sources from inside and/or out of class as appropriate.

Would alaskas cash flow be favorably or unfavorably affected : Assessing Economic Exposure Alaska, Inc., plans to create and finance a subsidiary in Mexico. Would Alaska's cash flows be favorably or unfavorably affected if the Mexican peso depreciates over time?

Selected law on health care organizational policies : Select a law that has an impact on the health care industry. Examples of such laws may include access to care, discrimination, health care privacy and security, employment, etc. Write a 1,750- to 2,100-word paper in which you discuss the impact of..

Explain the principle involved in given case : Simmons, Hoffman, and Murray were partners doing business under the firm name of Simmons & Co.- Explain the principle involved in this case.

User Account

All Pages