Case Study 3.docx - [Cheesecake Factory Inc v Baines 964...

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[ Cheesecake Factory, Inc. v. Baines , 964 P.2d 183 (N.M.App. 1998)] Issue: Kolk, a manger of Triples American Grill, and John Baines both opened bank accounts in the bar’s name, and signed the signature cards as “owners”. Kolk informed the owner of Cheesecake Factory, Inc. that Baines was a partner of Triples, sharing in ownership. Provided such information, Steve Mager of Cheesecake Factory, Inc. delivered goods to Triples on credit. The bill remained unpaid in the amount of $20,000 and Cheescake filed a suit against Baines to collect on the unpaid account. Rule: Partnership by Estoppel Application: Given the definition of partnership by estoppel, an individual’s spoken or written words, or
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