Question: Answer the following questions. Each answer should be 1 paragraph: about 4-6 sentences or possibly 2 short paragraphs. The answer should reference the law from

Answer the following questions. Each answer should be 1 paragraph: about 4-6 sentences or possibly 2 short paragraphs. The answer should reference the law from the book and your own analysis as well. So not just straight answers from the book. I am looking for an answer that includes legal analysis. Legal analysis is the combination of the law and the facts to provide an answer to a legal issue.

Real Law 283.

Partnerships. Karyl Paxton asked Christopher Sacco to work with her interior design business, Pierce Paxton Collections, in New Orleans. At the time, they were in a romantic relationship. Sacco was involved in every aspect of the businessbookkeeping, marketing, and designbut was not paid a salary. He was reimbursed, however, for expenses charged to his personal credit card, which Paxton also used. Sacco took no profits from the firm, saying that he wanted to grow the business and build sweat equity. When Paxton and Saccos personal relationship soured, she fired him. Sacco objected, claiming that they were partners. Is Sacco entitled to 50 percent of the profits of Pierce Paxton Collections? Explain. (Learning Outcome 2)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!