Tom and Jim from JT Co

question 13

Essay

Tom and Jim from JT Co.plan to engage in the building construction business.They obtain contracts in the name of JT Co. ,but fail to keep separate bank accounts for JT Co.funds,placing JT Co.money in their personal bank accounts.In addition,much of the JT Co.equipment is titled in the name of Tom and Jim.JT Co.breaches a construction contract with Titan Co.Discuss if Tom and Jim might have personal liability for this breach of contract.

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Definitions:

Associative Play

A stage in child development where children play together, sharing materials and ideas, but not necessarily working towards a common goal.

Cooperative Play

A stage in child development where children play together, share, and engage in activities collaboratively.

Cephalocaudal Development

A pattern of growth in humans where development proceeds from the head downward through the body and towards the feet.

Heredity

The biological process through which traits and characteristics are passed down from parents to offspring.