Brown and Green Are Forming a Business as Partners

question 12

Essay

Brown and Green are forming a business as partners.If they do not create a formal written partnership agreement, what risks are they exposing themselves to?

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Definitions:

White Iron

A hard, brittle form of cast iron, made by cooling the casting quickly, with a microstructure of cementite and pearlite.

Cold Shorting

A material property where a metal becomes brittle at low temperatures, making it prone to cracking when subjected to stress.

Machining Lugs

Protrusions on a part designed to provide additional material for clamping or holding during machining processes.

Castings

The process of pouring liquid material into a mold to solidify and form a specific shape, commonly used with metals and plastics.