You Decide Week 5 Project Pm598

| The partners are jointly and severally liable for business debts and obligations. The partners are held personally responsible for the business and may be sued personally for liability. Partners’ personal assets are subject to lawsuit(s) made against the business. Lack of continuity; death of a partner may end the partnership/business if a buy/sell agreement is not in place. Disagreements may be difficult to resolve.

To: Boss From: Re: American Dream Analysis Date 12/5/2014 Subject: Local Union P-9 vs Hormel Meat packing Company. Preparation is key when it comes to negotiating an agreement and a prefect example would be the Hormel Company vs the Local Union P-9 workers(meat packing). The Local Union and Hormel Company both were placed at the negotiation table due to wage cut and “unfair treatment” that was conducted by the management team. This disagreement caused the Local Union to rally up members from the meat packing department that influence the workers and workers from other factories to go on strike. During this negotiation both parties made a few mistakes that are costly and time consuming. Hormel Company

Due to its nature, partnership is generally liable for the acts of the individual partners if committed in the course of the partnership business. However, liabilities of every partner may be regulated by the written agreement signed by partners. If no written agreement is signed by partners, liabilities of the partnership are regulated by the Partnership Act. If one of the partners retires, he or she may not be liable for the future debts of partnership if an official notice of the change is sent to creditors and the public. However, there were no official notice sent by the partners in the case; therefore, Toby may be liable for the debts of partnership. Due to the death of the third partner, partnership may be dissolved. In order to pay off the debts, assets should be sold and partners are free to continue the same kind of business after the dissolution of the

An agreement was reached on the negotiation for a job offer at Robust Routers, and assuming the role of the human resources manager, I was satisfied with the outcome of the negotiation. The final offer excepted by Joe Tech consisted of the following terms: $95,000 annual salary to be paid bi-weekly, 1,000 stock options plus another 1,000 stock options over the three year vesting period in addition to the 500 incentive options granted on each employment anniversary, $5,000 signing bonus, and $5,000 moving expenses. I am satisfied with this agreement because the agreed

Suppose that Katherine, Brianna, and Paige have formed a limited partnership to operate a video arcade. Katherine is the general partner. She has contributed $2,000 and her time to get the operation running. Brianna and Paige, the limited partners, have each contributed $3,000. After one year of operation, the arcade has debts of $10,000, and the three partners decide to discontinue their business and the limited partnership. Brianna and Paige want their investment returned to them. Who should Katherine, who is winding up the business, pay first, Brianna and Paige, or the creditors? How much will Brianna and Paige receive? How about Katherine?

The signing of the $5,000 deposit Check by both parties and the intent of sale evidenced by Sun Valley’s preparation and delivery of closing documents to Hoffman is a clear sign that the deal would have been closed. But if we were to base our argument on intent alone, then we would not be considering the being of the memorandum agreement in the first place.

Jason Terwiliger, a new member of the finance committee at the Windshore Country Club, recently found some problems with the financing of the F&B outlets. His upscale restaurant in the city is extremely successful, and he hopes to bring some helpful ideas to the Windshore Country Club’s F&B operations on the outskirts of the city. One main concern Jason has is all of the differences in the 4 F&B outlets and that they all come out of the same kitchen. He says that the club’s food cost is at 42% while his restaurant is at 28%, which is a huge difference. Steve should respond to this concern by telling Jason that although his restaurant only has one outlet for his kitchen, most clubs have many outlets only run from one kitchen, and while he can’t change that directly, hopefully other solutions will

The divestiture of Conoco by DuPont also reflected changing conditions in the energy industry. As noted in a May 12, 1998, article in the New York Times: DuPont bought the oil company in 1981 as insurance against the pricing and supply tactics of the Organization of Petroleum Exporting Countries. But oil prices have been far less volatile than it feared, and DuPont continues to de-emphasize the petrochemical side of its

In our recent negotiation, my partner Dave and I assumed the roles of Alan Hacker, a computer software developer, and Alan Hacker’s lawyer. Being the lawyer in the negotiation my objective was to avoid litigation with my client’s partner Stanley Star and to aid in the continuation of my client’s co-owned company HackerStar. In addition, I would assist Hacker in coming to an agreement that would be satisfying for him both personally and financially. I felt that Dave and I presented a reasonable argument on Hacker’s behalf and, since I was able to apply some of our class readings during the process, I was overall pleased with the outcome.

NOW, THEREFORE, in consideration of the mutual promises herein set forth and subject to the terms and conditions hereof, the parties agree as follows:

| a) Crash cost of A = (600-300)/(5-3) = $150; Crash Cost of B = (450-250)/(3-2) = $200; Crash Cost of C = (500-400)/(6-4) = $50; Crash Cost of D = (400-150)/(5-3) = $125 b) As per the above schedule, the activities on the

The business aspect of the restaurant was extremely well managed. There were organized financial records dating back to its founding. The bills were always handled in advance and there were never any late payments made. Saltgrass was an exceptional establishment, and in response it was filled with customers. There was never an empty chair in the enterprise. In fact, it had gotten so packed by the influx of returning customers and new faces that it began taking reservations to ensure it did not exceed the fire safety limit of customers. This was the restaurant until ten years ago. In the last ten years , it has become a disgrace not worthy of customers. The establishment has become degenerate and is doomed to fail soon. This is primarily due to a shift in attitude, standards, and . This started when the last owner died and his son took over. When this change occurred , the new owner completely did away with management and hired his friends to replace them. His friends in turn fired half the workforce and hired unqualified and untrained workers to replace the current employees. This was the first step to destroying the restaurant. There was no longer any system of organization. The restaurant became a playground where employees had food fights on

Analyzing the performance level of our company, ABC industries, Inc., it comes to an unfortunate conclusion that we are not able to maintain our company as a whole. With this being said, our largest competitor, XYZ industries, inc., has given us an opportunity to merge with their company in order for us to continue to facilitate. An agreement between both companies was made in which we were allowed to keep 80% of our workforce. As a result, 20% of our workforce will be terminated.

To resolve the ownership situation of Midwest Lighting, (MLI) Inc Peterson and Scott have to sit down with their financial managers, evaluate the company and then decide that one of them will buy out the other from the company. And with the history of the company having being formed with Peterson’s father, it would be prudent that Jack Peterson be given the opportunity to buy out Scott from the company since his family only joined in years after the Petersons had started it and bought out Julian Walters.

2. Before Dennis can bring an action against Dicksmith Pty Ltd. ("Dicksmith"), we must first consider whether or not a contract binds the parties. A contract is formed when there is an agreement between the parties when there has been a clear offer by one party expressing a willingness to be bound by certain terms and an unequivocal expression on the part of another to assent to those terms. An acceptance must mirror the terms of the offer, must be close in time to when the offer was made, and must not change the terms of the