Relation between charlie and mack partnership


Case Problem:

Charlie Waugh owned and operated an auto parts junkyard in Georgia. Charlie’s son, Mack, started working in the business part-time as a child and fulltime when he left school at the age of sixteen. Mack oversaw the business’s finances, depositing the profits in a bank. Charlie gave Mack a one-half interest in the business, telling him that if “something happened” to Charlie, the entire business would be his. In 1994, Charlie and his wife, Alene, transferred to Mack the land on which the junkyard was located. Two years later, however, Alene and her daughters, Gail and Jewel, falsely convinced Charlie, whose mental competence had deteriorate, that Mack had cheated him. Mack was ordered off the land. Shortly thereafter, Charlie died. Mack filed a suit in a Georgia state court against the rest of the family, asserting, in part, that he and Charlie had been partners and that he was entitled to Charlie’s share of the business. Was the relationship between Charlie and Mack a partnership? Is Mack entitled to Charlie’s “share”? Explain.

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.

Request for Solution File

Ask an Expert for Answer!!
Business Law and Ethics: Relation between charlie and mack partnership
Reference No:- TGS01957371

Expected delivery within 24 Hours