Richard, Kirsten and Julia, each working alone as architects, now wish to carry on a business...
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Richard, Kirsten and Julia, each working alone as architects, now wish to carry on a business together as architects in Western Australia with, possibly, another office in each of South Australia and Victoria. None of the friends have any legal background. Julia's father strongly advises that they form a partnership. The three friends require legal advice with regard to the following: (a) How to define a partnership and the existence of a partnership? (b) Is a partnership the best vehicle for them? (c) When is an act of a partner binding on the partnership and other partners? Answer these questions and refer to relevant cases and legislation in your answer. Richard, Kirsten and Julia, each working alone as architects, now wish to carry on a business together as architects in Western Australia with, possibly, another office in each of South Australia and Victoria. None of the friends have any legal background. Julia's father strongly advises that they form a partnership. The three friends require legal advice with regard to the following: (a) How to define a partnership and the existence of a partnership? (b) Is a partnership the best vehicle for them? (c) When is an act of a partner binding on the partnership and other partners? Answer these questions and refer to relevant cases and legislation in your answer.
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a Definition and Existence of a Partnership A partnership is a business arrangement where two or mor... View the full answer
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
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