Question Details

(Solution) - At least six months before the 1996 Summer Olympic Games

Brief item decscription

Solution download


Item details:

At least six months before the 1996 Summer Olympic Games in Atlanta, Georgia, Stafford Fontenot, Steve Turner, Mike Montelaro, Joe Sokol, and Doug Brinsmade agreed to sell Cajun food at the Games and began making preparations. Calling themselves ?Prairie Cajun Seafood Catering of Louisiana,? on May 19 the group applied for a license with the Fulton County, Georgia, Department of Public Health?Environmental Health Services. Later, Ted Norris received for the sale of a mobile kitchen an $8,000 check drawn on the ?Prairie Cajun Seafood Catering of Louisiana? account and two promissory notes, one for $12,000 and the other for $20,000.The notes, which were dated June 12, listed only Fontenot ?d/b/a [doing business as] Prairie Cajun Seafood? as the maker. On July 31, Fontenot and his friends signed a partnership agreement, which listed specific percentages of profits and losses. They drove the mobile kitchen to Atlanta, but business was ?disastrous.? When the notes were not paid, Norris filed a suit in a Louisiana state court against Fontenot, seeking payment. What are the elements of a partnership? Was there a partnership among Fontenot and the others? Who is liable on the notes? Explain.

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Jul 11, 2017

PRICE: $15

Solution~000779510170.zip (18.37 KB)

Buy this answer for only: $15

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now