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

question 60

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.
-An S corporation cannot have more than 75 shareholders.

Recognize the causes and implications of certain visual phenomena (e.g., blind spot, why stars disappear/reappear when looked at directly).
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Definitions:

Creative Thinking

The ability to think in novel and unusual ways and to come up with unique solutions to problems.

Practical Thinking

A form of reasoning that focuses on finding effective solutions for real-world problems.

Memorize Material

The act of committing information to memory for later recall.

Direct Observation

The method of obtaining information through direct witnessing or physical measurement of phenomena, without reliance on inference or assumption.

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