View the step-by-step solution to:


(Partner liability to third parties)

1.   Carmen and Dorothea run the Giru

Interior Design Centre in partnership. Carmen wants her daughter Ethel to join the business but Dorothea expresses doubts. It is finally agreed that Ethel will work in the business, will have her name on the letterhead but will not be entitled to make management decisions or share in the profits. Instead she will be paid a small weekly wage. Discuss the significance of this arrangement for the partnership and Ethel.

Top Answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.


Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online