Daniel is the owner of a chain of shoe stores he hires


Question: Daniel is the owner of a chain of shoe stores. He hires Rubya to be the manager of a new store, which is to open in Charleston, WV. By written agreement, Daniel agrees to pay Rubya a monthly salary plus 20% of the profits. Without David's knowledge, Rubya represents himself to Classen as Daniel's partner, showing Classen the agreement to share profits. Classen extends credit to Rybya. Reubya defaults. Discuss whether Classen can hold Daniel liable as a partner, why or why not?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Daniel is the owner of a chain of shoe stores he hires
Reference No:- TGS02551292

Now Priced at $15 (50% Discount)

Recommended (90%)

Rated (4.3/5)