In breach of the partnership agreement, Trimble, a partner in the partnership of Morris, Newt, and Oppie, Ltd. quits the partnership and goes to work for a competitor. The former partners may ask the court for
a. specific performance requiring Trimble to return to work for Morris, Newt, and Oppie, Ltd.
b. an injunction to prevent Trimble from working in competition with the former partners.
c. special damages under the rule of Hadley v. Baxendale.
d. liquidated damages as compensation for the breach.
b
You might also like to view...
Non-audit services prohibited or permitted under Sarbanes-Oxley Harry Rawlins CPAs, are engaged by DK, Inc, a public company to perform the year-end audit. A. Discuss the types of services that Harry Rawlins CPAs will not be able to perform for DK under
the Sarbanes-Oxley Act of 2002. B. Under what circumstances may Harry Rawlins CPAs perform certain non-audit services for DK, Inc under Sarbanes-Oxley Act of 2002?
The printer ran out of preprinted sales invoice forms and several sales invoices were not printed. The best internal control to detect this error is
a. a batch total of sales invoices to be prepared compared to the actual number of sales invoices prepared b. sequentially numbered sales invoices c. visual verification that all sales invoices were prepared d. none of the above will detect this error
The entry to record accrued interest payable on December 31 on a 90-day, 6% note, issued for $8,000 on December 10 would include a:
a. credit to Accrued Interest Payable for $28. b. credit to Discount on Notes Payable for $28. c. credit to Interest Expense for $120. d. debit to Accrued Interest Payable for $28. e. credit to Interest Expense for $28.
Which statement is a useful guide for wiki users?
a. Keep formatting extremely simple. b. Don't write in first-person style. c. To start, put headings on a few blank pages. d. All three statements (a-c).