Forming a partnership to sell television sets


Assignment:

Q1. 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?

Q2. 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?

Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

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Business Law and Ethics: Forming a partnership to sell television sets
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