Ford and doyle formed a partnership to sell television sets


Question: 1. Ford and Doyle formed a partnership to sell television sets. Doyle was a minor. A customer who had purchased a set tried to cancel the sale on the grounds that Doyle was a minor, and therefore, there was no partnership. Will the customer succeed?

2. Fix and White form a partnership to sell farm machinery. Fix contributes $100,000 to the partnership; White contributes $50,000 and his services as accountant and attorney. Their agreement is silent as to how profits are to be divided. How will they be divided?

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Management Theories: Ford and doyle formed a partnership to sell television sets
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