What does cheesecake have to show to win its case

Assignment Help Management Theories
Reference no: EM131660520

Question: Liability of Partners. Frank Kolk was the manager of Triples American Grill, a sports bar and restaurant. Kolk and John Baines opened bank accounts in the name of the bar, each signing the account signature cards as "owner." Baines was often at the bar and had free access to its office. Baines told others that he was "an owner" and "a partner." Kolk told Steve Mager, the president of Cheesecake Factory, Inc., that Baines was a member of a partnership that owned Triples. On this basis, Cheesecake delivered its goods to Triples on credit. In fact, the bar was owned by a corporation. When the unpaid account totaled more than $20,000, Cheesecake filed a suit in a New Mexico state court against Baines to collect. On what basis might Baines be liable to Cheesecake? What does Cheesecake have to show to win its case? [Cheesecake Factory, Inc. v. Baines, 125 N.M. 622, 964 P.2d 183 (App. 1998)]

Reference no: EM131660520

Questions Cloud

How much can the company raise : If the appropriate yield for this bond is 12% p.a. compounding semi-annually, how much can the company raise?
What rate would you expect to see on a treasury bill : Suppose the real rate is 3.9 percent and the inflation rate is 5.5 percent. What rate would you expect to see on a Treasury bill?
Identify the vals profile of your values : How can retailers effectively use the results of this survey when planning and implementing their business strategies?
Yield to maturity on bond : You find a zero coupon bond with a par value of $10,000 and 23 years to maturity. The yield to maturity on this bond is 4.5 percent.
What does cheesecake have to show to win its case : On this basis, Cheesecake delivered its goods to Triples on credit. In fact, the bar was owned by a corporation. When the unpaid account totaled more.
Estimate the continuation value using the? market : The average? market/book ratio for the comparable firms is 2.4 Estimate the continuation value using the? market/book ratio.
Discuss how the assets should be distributed : At the end of the dissolution and the winding up of the partnership, the partnership's assets were $50,000, and the partnership's debts were $8,000.
How is trust lost and how are reputations damaged : How is trust lost and how are reputations damaged? Discuss examples of companies that are socially responsible and have earned the trust of the community.
Future project by undertaking a feasibility study : A firm evaluates a future project by undertaking a feasibility study. If the project is accepted it will reduce demand for existing products it sells.

Reviews

Write a Review

Management Theories Questions & Answers

  Review the case study of standard oil co v steele

Steele, while a patient in a hospital, let a friend use her credit card to buy one tank of gasoline for a trip to Cleveland. The friend not only used the card.

  Describe the environmental factors and competitive forces

The individual paper is intended to be an in-depth analysis of the environment and industry of a real-life product. You are expected to identify and describe the environmental factors and competitive forces that currently affect or could affect t..

  What are the major issues regarding marketing to children

Marketing to children. Advertising and other marketing efforts directed toward children have long been controversial. Visit the Web site of Children's.

  Updating of a marketing plan to include social media

What do you see as the key differences between using social media and traditional media for corporate marketing? What kinds of technologies might be useful in aiding the updating of a marketing plan to include social media and web applications

  What is the probabiliy that the vet is idle

What is the probabiliy that the vet is idle?

  Technology-mediated communication in the workplace

Workers increasingly rely on means of technology-mediated communication in the workplace.

  Communications function communicate with employees

How does your communications function communicate with employees, and how would you rate their level of engagement?

  Find local manufacturing profitable alternative to exporting

Why would U.S. automobile manufacturing be a target for foreign companies? Because the United States has a large population and high income levels.

  Employee organizational commitment

What do you mean by the employee organizational commitment ?

  Effectiveness

There are three project managers that have to be assigned to four projects. All project managers have to assign to at least one project. Therefore, at the end two project managers will be assigned to one project each, and one project manager to two p..

  Explains the components between material and labor cost

write an essay that explains the components between Material and Labor cost for control purposes. Include a discussion about the importance of recording material costs using Earned Value Measurement

  Identify stakeholders and how they were affected by heenes

Some in the media referred to the incident as "Balloon Boy."- Identify the stakeholders and how they were affected by Heene's actions using ethical reasoning.

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