When Michael Eagan married James Gorys daughter Jennifer, the two men started a business flipping houses. Eagan
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When Michael Eagan married James Gory’s daughter Jennifer, the two men started a business flipping houses. Eagan found the houses and supervised their renovation. Gory provided the funds, purchased the houses in his name, and made all major decisions. He gave Eagan 50 percent of the net profits, but did not make Eagan responsible for any losses. After Eagan and Jennifer divorced, Gory sold two houses that he had purchased with Eagan’s help, but he did not share any of the profits. Eagan sued, claiming they had a partnership and he was entitled to 50 percent of the profit. Did the two men have a partnership?
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Related Book For
Essentials Of Business Law
ISBN: 9781337404198
6th Edition
Authors: Jeffrey F Beatty, Susan S Samuelson
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