Bron, Arthur, and David formed a partnership for the purpose of betting on boxing matches. Bron and

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Bron, Arthur, and David formed a partnership for the purpose of betting on boxing matches. Bron and Arthur would become friendly with various boxers and offer them bribes to lose certain bouts. David would then place large bets using money contributed by all three and would collect the winnings. After David had accumulated a large sum of money, Bron and Arthur demanded their share, but David refused to make any split. Can Bron and Arthur compel David to account for the profits of the partnership? Explain.
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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The Legal Environment of Business A Critical Thinking Approach

ISBN: 978-0134074030

8th edition

Authors: Nancy K. Kubasek, Bartley A. Brennan, M. Neil Browne

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