Brody and Trina own and operate a bakery.They each perform all of the functions in the bakery,from baking to cleaning up.They make decisions jointly and hold themselves out to the public as business equals.When starting the business,Brody contributed $60,000 and Trina $40,000 to capitalize the business.They have a written agreement stating that they will share profits equally; however,responsibility for losses will be allocated at 60 percent to Trina and 40 percent to Brody.If Helene slips and falls in the shop and gets a judgment for $100,000,how may Helene proceed?

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The Answer of Brody and Trina own and operate a bakery.They each perform all of the functions in the bakery,from baking to cleaning up.They make decisions jointly and hold themselves out to the public as business equals.When starting the business,Brody contributed $60,000 and Trina $40,000 to capitalize the business.They have a written agreement stating that they will share profits equally; however,responsibility for losses will be allocated at 60 percent to Trina and 40 percent to Brody.If Helene slips and falls in the shop and gets a judgment for $100,000,how may Helene proceed?

Brody and Trina Own and Operate a Bakery