Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Two attorneys, Scott and Randle, share a law office and each person pays 1/2 of the rent, utilities, and other bills. Sometimes Scott and Randle work together on cases and they frequently share in profits and losses. Scott and Randle don't consider themselves to be any form of business organization. In a recent case, Scott represented a woman in a domestic relations case and the woman was not satisfied with his representation. Scott forgot the woman's name several times during the trial and wasn't familiar with the facts of the case. As a result, the woman lost custody of her child and was ordered to pay child support. The woman filed a law suit seeking damages.

Which of the following statements regarding the hypothetical scenario above is most correct?

  • There is no way Randle could be held liable.
  • If the court determines that a partnership exists, then Randle may also be liable.
  • Randle and Scott have a defacto corporation and the woman should be able to pierce the corporate veil.
  • Randle and Scott have formed an implied Limited Liability Company and neither will be personally liable for any damages

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92821306
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Management

Any help will be appreciatedscenarionbspyou are a

Any help will be appreciated Scenario: You are a networking and communications consultant working for HoustonComm Services, Inc, further referred to as HCS. HCS is a company providing technology consulting services to st ...

Required words 2000when the whistleblower know that this

Required Words: 2000 When the whistleblower know that this information about his colleague is correct (any breach of organization policy), he must transfer this information to his supervisor? Is this act ethical from the ...

How do you think diversity communication and organisational

How do you think diversity, communication and organisational structure could potentially constitute strong aspects of organisational culture? Why is it important for the manager to consider this relationship?

If a company is having trouble with staffing levels because

If a company is having trouble with staffing levels because of employees calling in sick or requesting time off, what would be an approach to control daily staffing levels of a company so that the company is able to meet ...

How to navigate through the various leadership styles

How to navigate through the various leadership styles within an organization and adjust to the differences in leadership?

With more persons working from home how does one separate

With more persons working from home, how does one separate data intended for the employer form what might be considered personal property? What policies could be put in place to ensure employees adhere to safe guidelines ...

Can you please tell me the difference in content between an

Can you please tell me the difference in content between an executive summary, an informative abstract, and an introduction?

How many steps are there in creation of an effective

How many steps are there in creation of an effective performance measurement system? Describe four steps you feel are most important.

You have learned that it is common to have separate

You have learned that it is common to have separate compensation plans for certain employee groups (e.g., sales professionals, research scientists, or executive officers). One particular pay plan, CEO compensation, conti ...

You are the manager of a firm that produces and markets a

You are the manager of a firm that produces and markets a generic type of soft drink in a competitive market. In addition to the large number of generic products in your market, you also compete against major brands such ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As