Robertson and Enrickson Prepared an Agreement to Enter into a Partnership

question 41

Essay

Robertson and Enrickson prepared an agreement to enter into a partnership. Both of the partners realized that outside capital was needed for the firm to begin operations; however, they also realized that their individual and combined credit ratings would not attract sufficient funds. In order to improve the new partnership's ability to attract investment capital, and with the approval of Enrickson, Robertson added his friend Thompson's name to the partnership agreement. Thompson, a well-known personality from a family of means, was not asked to be a partner and knew nothing of Robertson's and Enrickson's actions. Upon seeing Thompson's name on the partnership agreement, a local bank readily agreed to advance Robertson and Enrickson the total sum required to begin operations. The partnership has now failed, and the bank would like to hold Thompson, Robertson and Enrickson liable for the amount of the loan. Will the bank recover from Thompson, Robertson and Enrickson?

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Definitions:

Similarity Predicts Satisfaction

A principle in social psychology suggesting that similarity in attitudes, beliefs, and interests greatly predicts the level of satisfaction and success in personal relationships.

Relationship Satisfaction

The degree of contentment and fulfillment individuals feel in their personal relationships, often influenced by factors such as communication, compatibility, and mutual support.

Personality Matching

The use of personality testing to match potential mates based on personality.

Dark Triad

A constellation of three personality traits: narcissism, Machiavellianism, and psychopathy, that are associated with a more manipulative, self-centered, and antisocial disposition.