Examlex

Solved

[Car Repair] Gordon and Leo Are Partners in SafeT Car

question 66

True/False

[Car Repair] Gordon and Leo are partners in SafeT Car, a full service automotive repair company. Leo does nearly all of the day-to-day work as Gordon is thinking about retiring. When Leo was moving a customer's car last week, he accidentally collided with the garage door, and the door had to be replaced at a cost of $6,000. Leo recently met with BigBox stores about a potential deal by which BigBox would set up a SafeT Car shop in every BigBox store nationwide. Leo signed an agreement to open a "test" store in one BigBox store. Leo hasn't told Gordon yet, because Gordon hasn't been in the office in a month. Gordon opens The Oil Place, an express oil change company, which he plans to have his sons operate in his retirement. When Leo learns about The Oil Place, he threatens to sue Gordon for breach of duty because Leo is sick of doing all the work at SafeT Car while Gordon was apparently opening a competing business. Gordon tells Leo that he hasn't breached any duty and they don't have a written agreement that restricts Gordon from opening his own store with his sons. Gordon also tells Leo that the $6,000 for the damaged door is coming out of Leo's pocket. Leo, who's thinking about the potential deal about BigBox, tells Gordon he wants to split up the partnership.
-A limited partnership and a limited liability partnership refer to the same type of business organization.


Definitions:

Obedience To Authority

The psychological mechanism that drives individuals to comply with instructions, orders, or demands from perceived authority figures.

The Holocaust

The systematic, state-sponsored persecution and annihilation of six million Jews by the Nazi regime and its collaborators during World War II.

Kurt Lewin

Known as the father of modern social psychology, he developed theories on group dynamics and organizational development.

Function

In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output; in general, an activity or purpose natural to or intended for a person or thing.

Related Questions