Baxter, Bigelow, Owens, and Dailey were partners in a New York City advertising agency. Owens, who was in poor health and wanted to retire, advised the partners that she had assigned her full and complete interest in the partnership to her son, Bartholomew, a highly qualified person with 10 years of experience in the advertising business. Baxter, Bigelow, and Dailey refused to allow Bartholomew to attend management meetings and refused his request to inspect the books. Bartholomew pointed out that his mother had invested as much in the firm as any other partner. He believed, as assignee of his mother's full and complete partnership interest, that he is entitled to (a) Inspect the books as he sees fit and (b) Participate fully in the management of the firm. Was Bartholomew correct?

  • CreatedJune 06, 2014
  • Files Included
Post your question