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Grace Anderson and her sons, Manny and Jason, bought a ranch known as the Cowboy Palace Place in March 2012, and the three verbally agreed to share the business for five years. Grace contributed 50 percent of the investment, and each son contributed 25 percent. Manny agreed to handle the livestock, and Jason agreed to handle the bookkeeping. The Andersons took out joint loans and opened a joint bank account into which they deposited the ranch's proceeds and from which they made payments toward property, cattle, equipment, and supplies. In September 2011, Manny severely injured his back while baling hay and became permanently unable to handle livestock. Manny therefore hired additional laborers to tend the livestock, causing the Cowboy Palace Place to incur significant debt. In September 2014, Al's Feed Barn filed a lawsuit against Jason to collect $32,400 in unpaid debts. Using the information presented in the chapter, answer the following questions. Was this relationship a partnership for a term or a partnership at will? Did Manny have the authority to hire additional laborers to work at the ranch after his injury? Why or why not? Under the current UPA, can Al's Feed Barn bring an action against Jason individually for the Cowboy Palace Places's debt? Why or why not? Suppose that after his back injury in 2015, Manny sent his mother and brother a notice indicating his intent to withdraw from the partnership. Can he still be held liable for the debt to Al's Feed Barn? Why or why not?
Recent globalization has significantly changed the tastes and consumer behavior of individuals across the globe. More particularly "Westernization" is a common phenomenon. How do you reconcile the hate of the Americans in many countries, yet the aspi..
In your own words, define what successful leadership is and how leadership and management differ in an office setting. Consider what successful leadership looks like to you.
According to Macionis (2011), sociology is the systematic study of human society, within which falls the sociological perspective. Based upon your textbook reading, how might you use the sociological perspective if you were visiting a different count..
Imagine you are the top executive of a small chain bookstore. Given recent changes in the strategic landscape, what would you do to position your company for success in an industry seemingly dominated by Amazon?
Write a paper comparing the two primary considerations, from the aviation security viewpoint, of both landside and terminal security system design planning.
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Reflection (1-2 pages) - this is an important section of the case. It will include your interpretation of the decisions made by the firm regarding how the featured company dealt with the identified problem(s). Did you agree/disagree - why? Your p..
Jimmy offers to sell Margaret a parcel of land for $5,000, stating that the offer will remain open for thirty days. Margaret replies, “Won’t you take $4,700?” Jimmy answers, “No”. Would an acceptance thereafter by Margaret within the thirty-day perio..
There is no overtime, no subcontract and no idle time. Please find the optimal solution to minimizing the total cost.
Write a draft of no more than 1,800 words of the strategic plan for your organization (Walmart), including the following:
You are asked to explain whether or not your organization (industrial manufacturing of furniture) should pursue ISO 14001 certification for its environmental management system. Provide a summary of your recommendation, along with supporting detail..
The Patrol Evidence Rule. Pamela Watkins bought a home from Sandra Schexnider. Their agrement stated that Watkins would make payments on the mortgage until the note was paid in full, when "the house' would become hers.
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