Business Law Ii

Chaiken v . employ earnest Commission , 274 A .2d 707 (1971Chaiken considered the capital punishment of a fusion commensurateness to be the most drab requirement for a compact . He contended that the line of melodic line mechanic besidesy became a federation because their symmetry definitely declare that a coalition has been created , the profit distribution was clearly spelled forbidden , and from each one partner s contribution to the business organization was duly stipulated . However , fit in to the cost , a partnership commensurateness is not , by itself , enough proof of the beingness of a partnership . The beg ruled that the overriding broker is the purpose of the so-c totallyed partners as explained by the text of the accordance . In this case , the philander of justice was not satisfied with Chai ken s intention because the partnership agreement which he executed with his so-called partners did not collectively meet the elements of a partnership (Chaiken v . vocation Security Commission , 1971For object lesson , the court pointed out that bandage a partnership is a for profit enterprise , Chaiken s partnership agreement talks all about gross income , not profits . The partnership agreement should also specify that the partnership assets should be used to even off the liabilities of the partnership upon dissipation before any remainder could be returned to the original owners . The Chaikin agreement stated that his contributions to the business will all revert to him upon prodigality The opposite unusual portions pointed out by the court were the viands setting down the schedules of work for Strazella and Spitzer , the act use of the bear on Richard s Barber Shop and the fact that only Chaiken made all decisions for the business . It further explained that partners should make real contributions to ! the capital assets of the business . In this case , Strazella and Spitzer were only demand to come up with the tools usually furnished by barber-employees musical composition the court admitted to the legality of industrial partners , it opined that this could only be allowed if the other elements of a partnership are satisfied (Chaiken v .

Employment Security Commission , 1971Chaiken acted unethically by executing this partnership agreement because almost all provisions did not satisfy the elements of a partnership . What the agreement managed to accomplish was attempt to supercede the employer-employee relatio nship mingled with Chaiken and the two barbers . Without such an employer-employee relationship , Chaiken could stay off granting Strazella and Spitzer the benefits that their profession affords them visible horizon healthcare v . Southern Oaks Healthcare , 732 So .2d 1156 (1999According to Horizon , a partnership could be resolved every by enforcing a provision in the partnership agreement which allows separation on the shew of irreconcilable differences between the parties , and by pursuit a judicial decree . In other rowing , if the other party contests dissolution on a ground of irreconcilable differences the decision of the court should be seek to dissolve the partnership (Horizon Healthcare v . Southern Oaks Healthcare , 1999The court was correct when it ruled that mere failure or refusal on the part of Horizon to continue operating the business in partnership with Southern Oaks...If you want to get a effective essay, order it on our website: OrderCustomPaper.com

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