Pippi, the manager of Quik Mart, deposits the store's receipts in its account at Regional Bank. As to the receipts, the relationship between Quik Mart and the bank is
A. attorney and client.
B. creditor and debtor.
C. guardian and ward.
D. trustee and beneficiary.
Answer: B
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Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
Tom Dimaio and Jerry Gluck decided to become partners in the business of cutting lawns. After a few months, Jerry heard of a job cutting lawns at a warehouse. He took the job and earned $100 a day once a week for the summer
Later, Tom found out and demanded a share of the money. Which of the following is TRUE? A) Jerry did not owe a fiduciary duty to Tom. B) As Jerry did all the work, he is entitled to all the money for the warehouse lawn cutting. C) Tom is entitled to a share of the money as a partner D) Since Tom did not ask to be included in the warehouse venture, Jerry was entitled to seize it. E) Both A and B