[Mortuary Blues] Jack and Bianca had a partnership running a mortuary. Bianca died, and after her death, Jack decided to shut down the mortuary. Jack incurred some expenses in closing the business affairs of the mortuary. He sought compensation for those expenses but Gus, the executor of Bianca's estate, objected. Gus also claimed that Jack had no rights in Bianca's share of the partnership property and that Gus, the executor, had the right to confiscate her share of the property and sell it at auction. Jack, however, took the position that all interests of Bianca passed to Jack and that Jack owed her estate nothing. The articles of partnership did not address death.
-Is Jack entitled to compensation for closing down the mortuary?
A) No, he is not entitled to any compensation unless the articles of partnership specifically gave him that right.
B) No, he is not entitled to any compensation, unless credible proof exists that Bianca acknowledged prior to her death that expenses in eventually closing down the business should be compensated.
C) Yes, he is entitled to compensation for the work, but only if he can establish that all outstanding debts of the mortuary have been paid.
D) Yes, he is entitled to compensation for the work, but only if the executor agreed that it needed to be done.
E) Yes, he is entitled to compensation for the work.
Correct Answer:
Verified
Q69: [Partnership Agreement] Rufus, Sven, and Igor are
Q70: [Partnership Agreement] Rufus, Sven, and Igor are
Q71: [Car Repair] Gordon and Leo are partners
Q72: [Grooming Grievances] Andrew, Marie, and Cruz formed
Q73: [Car Repair] Gordon and Leo are partners
Q75: [Fishing Kings] Kyle and Felix have a
Q76: [Mortuary Blues] Jack and Bianca had a
Q77: [Partnership Agreement] Rufus, Sven, and Igor are
Q78: [Health Food] Josh and Merida are partners
Q79: [Grooming Grievances] Andrew, Marie, and Cruz formed
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents