Business Law Final Exam

1. George Walton, Sr., the sole owner of a small retailing business, was attempting to accomplish a credit barter for of goods from a contact with whom he had not previously do business. While talking in somebody to the wholesalers representative, Mr. Walton pointed to his son, George-Boy (a famous thespian who was home visiting his parents for a few days), and stated that my better half and I begin forever paid our bills on time. George-Boy maxim and heard what his nonplus had through and said, but made no comments in the heading of the wholesalers representative. George-Boy later(prenominal) testifyed his convey that he had no target of take for granted obligation for whatever of his fathers debts. The wholesaler sell goods to Mr. Walton on credit, in conviction on the picture that Mr. Walton and the long-familiar George-Boy were partners. Mr. Walton failed to pay for the goods when defrayal was due. aft(prenominal) various efforts to collect payment from Mr. Walton proved unsuccessful, the wholesaler sued Mr. Walton and George-Boy in an effort to collect the debt. Is George-Boy likely for the debt? Why or why not?Since George-Boy did not start out any comments in the presence of the wholesaler?s representative, and the wholesaler relied on the imprint that George-Boy and Mr. Walton were partners, George-Boy is conjectural for the debt.

The relevant legal regulation is partnership by estoppel. beneath this legal doctrine, a person can be nonimmune as a partner even though no such partnership existed. It was not sufficient for George-Boy to inform his father that he had no plan of assuming liability for any of his father?s debts. For George-Boy to evacuate liability, he would have had to alike inform the wholesaler of this decision. It is prodigious that the wholesaler relied on the notion that George-Boy and Mr. Walton... If you want to get a full essay, parliamentary rectitude it on our website: Orderessay

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