Question: Question 1 10 pts A, B, and C have been in business for several years running a successful restaurant specializing in home cooking cuisine.
Question 1 10 pts A, B, and C have been in business for several years running a successful restaurant specializing in "home cooking" cuisine. They want to expand and have the ability to do so at their present location, but the expansion would be more costly than they can afford. Through a friend, D hears about their situation and makes them an offer of the money they need. D not only offers the money, but claims to be a 5-star chef and says he can contribute valuable services to the operation. C is very concerned and says he's worried that D would try to mess with a successful menu. A is not concerned and says "maybe he could help, but what's most important is that we need the money." What advice would you give to the partners? What should D be advised?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
