final early 10 fact pattern -- revised

final early 10 fact pattern -- revised - Business Law I...

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Business Law I Fall, 2010 The following fact pattern will provide background information to provide a context for answering the questions in the December 9 final exam. You should bring this document and any notes or documents you create while studying with you to rely on while writing your exam answers. This information will NOT be distributed again in the test so you should be sure to print out your own copy for use during the exam. Andy, Brian, Carol and Dan own two rental properties in the City of Ithaca. The men are brothers and Carol is married to Dan. They are equal co-owners of both of the rental properties. All four individuals have full-time jobs so they share responsibility for overseeing the rental properties. Andy is a lawyer so he writes and negotiates the leases with the tenants. Brian works for the Tompkins Trust Company so he deals with all the financial matters, including depositing rent checks, and paying the bills and taxes. Carol and Dan make sure that the properties are kept in good repair. Dan and Carol oversee the work of any individuals hired to clean, mow the grass, plow snow, etc. Tenant in Common.
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final early 10 fact pattern -- revised - Business Law I...

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