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Windy City Balloon Port ran a balloon launching facility in Illinois, offering sightseeing flights in hot-air and helium balloons owned by third parties. Windy City sold tickets for the balloon rides for $100 per person per ride. The pilot of the balloon would receive $60 directly from Windy City for each ticket sold. Although Windy City provided refueling and repair facilities for the balloons and canceled flights when weather conditions were unsafe, Windy City had no control over the flights once they left port. One day, a balloon piloted by Stevenson left the launch site carrying 6 passengers. It struck power lines and crashed killing everyone on board. Family members of deceased passengers sued for wrongful deaths. One of the issues that had to be resolved before liability could be assessed was whether Windy City and Stevenson were involved in a joint venture. What should the court rule on the issue of whether this was a joint venture? Discuss fully.
freebird company a merchandiser recently completed its 2013 calendar year. for the year 1 all sales are credit sales 2
Tromp Limited is an investment company that purchases buildings and holds them for a number of purposes such as resale, leasing and its own use.
the following data were accumulated for use in reconciling thebank account of spectrum co. for julya. cash balance
mighty safe fire alarm is currently buying 50000 motherboard from motherboard inc. at a price of 65 per board. mighty
task name phase 2 discussion boarddeliverable length 500 words plus chart of accountsdetails primary task response
salvadore inc. a local retailer has provided the following data for the month of september nbspnbspmerchandise
cost function break even quality of information relevant range oysters away picks shucks and packs oysters and then
Development work on Pine Valley Furniture's new customer tracking system is proceeding according to plan and is on schedule. The project team has been busy designing the human interfaces, and you have just completed the new tracking system's Custo..
Stan and Ollie are partners who share income in the ratio of 2:3 and have capital balances of $50,000 and $30,000 respectively. Ray is admitted to the partnership and is given a 40% interest by investing $20,000. What is Stan's capital balance aft..
Consider that the standard practice is for the quality control lab to select a sample of ns ball bearings, compute the speci?c value for the sample mean, x¯, and plot it on a chart with the following characteristics:
From past experience, the company has learned that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts ..
X transferred property to an LLC and received a 25% interest in the partnership profits, losses, and capital. X's basis in the property was $200 and it was subject to a nonrecourse mortgage for $500.
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