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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.


Definitions:

Normal Blood Pressure

A blood pressure reading under 120/80 mmHg, indicating healthy functioning of the heart and blood vessels.

Skin Turgor

The skin's elasticity or ability to return to its normal shape after being pinched; a measure of hydration and skin health.

Anaphylactic Reaction

A severe, potentially life-threatening allergic reaction that can occur rapidly and affect multiple body systems.

Epinephrine

A hormone and medication, also known as adrenaline, that increases heart rate, tightens blood vessels, and opens airways to alleviate severe allergic reactions.

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