Tony Gennaro and Sal Mineola buy old cars and repair and sell them. They split the cost of buying the cars and the proceeds of sale. They never agree to be partners. One car has defective brakes and a pedestrian is injured as a result
Tony worked alone on buying, repairing, and selling this car. The pedestrian sues the car owner, who in turn sues Tony and Sal. Which of the following is TRUE?
A) As there was no express partnership agreement, there is no partnership between Tony and Sal.
B) As Tony did the defective repair work, only he is liable.
C) As there was no written partnership agreement, there is no partnership between Tony and Sal.
D) There is a partnership between Tony and Sal implied by law and Sal is liable as a partner.
E) Both B and C
D
You might also like to view...
The Tavern's secret recipe for its pizza sauce would be considered
a. a trade secret, and an employment noncompete clause would be enforceable to protect it. b. a trade secret, and an employment noncompete clause would NOT be enforceable to protect it. c. just a secret recipe and not something the Tavern could protect in a noncompete clause. d. an exculpatory clause and not enforceable.
In CASE 12.2 Edwards v. Arthur Anderssn LLP. (2008), plaintiff Edwards was a tax manager at an Arthur Anderson office in Los Angeles. Arthur Anderson was later indicted for its role in the Enron debacle, but an AA subsidiary HSBC offered to hire Edwards conditioned on signing a "termination of non-compete" agreement (TONC). Edwards signed the employment offer but not the TONC. The offer was
rescinded and Edwards was terminated. Edwards sued. The main issue dealt with California's statutory ban on most: a. employee surveillance tactics. b. 'clawback' agreements. c. confidentiality agreements. d. noncompete agreements.
Maverk, a human resources manager at a multinational company, has to explain the ethical policies of the company to a batch of new employees. To convey that the company has a low power distance, he says, "The manager who loses his temper must apologize." From the given statement, it can be inferred that Maverk does not follow the business communication guideline of _____.
A. being concise B. avoiding bias C. avoiding slang D. analyzing one's audience
Although the contemporary international monetary system is typically referred to as a "floating regime," it is clearly not the case for the majority of the world's nations
Indicate whether the statement is true or false.