Question: Andy was looking for a building suitable for an auto repair business. Bob owned such a building, and together they opened an auto repair business

 Andy was looking for a building suitable for an auto repair

Andy was looking for a building suitable for an auto repair business. Bob owned such a building, and together they opened an auto repair business which they named Sunrise Auto Repair. Andy provided the tools, equipment, and expertise, and Bob provided the building. They agreed to co-own the business and split the revenues equally after all costs were deducted. Sunrise Auto Repair was a success. After only one year they hired Carl, another mechanic, to help with the workload. Carl was paid 15% of the amounts charged to customers, but only on the work that he did. After Carl was hired, Sunrise accounted for its revenues in the same fashion as before except \"that Carl's 15% was included as one of the costs. Ayear later, Sunrise was ready to expand, but needed more capital to do 50. David paid Sunrise $30,000 in exchange for 10% of the company's net profits for five years. The revenues were thus to be divided during the next five years as follows: payment to Carl out of gross profits, less all costs with net profits split - 10% to David (for five years), 45% to Andy, and 45% to Bob. None of these agreements has been reduced to writing. Discuss (in detail) the potential partnership issues among the parties. In your response, thoroughly analyze the status of each party (and include references to legal

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