Assignment:
1. Find an example of a business organization (corporation, partnership, , LLC, , sole proprietorship, etc.) and in an answer of not less than 200 words discuss why/why not its chosen form is best suited for its needs.
2. Please address the fact pattern. Discuss any possible causes of action. Base your answer only on facts given. If additional information is needed, tell me that.
Dunn and Welch both appeared to operate XYZ Feed Concession. Dunn sought to obtain credit for XYZ from ABC, Inc. Relying on Dunn's financial position, ABC extended the credit. Dunn was the person responsible for making sure the payments were made. When XYZ could not pay ABC, ABC brought action against Welch, alleging that as a partnership, Welch was personally liable for the debts the partnership could not pay. Welch defended on the grounds that he was not in a partnership because there was no formal agreement between him and Dunn. Result?