You and your business partner agree to sign a business partnership contract in h
ID: 3376448 • Letter: Y
Question
You and your business partner agree to sign a business partnership contract in hich you got to be 51 percent owner of the business and your partner 49 ercent. Your partner agreed that you would be the CEO of the company and make major financial decisions and he would be primarily the business developer or the company. The two of you decided to go to the bar and have a few drinks pefore going back to the office to sign the contract which you did. A few months later your partner stated that the contract should be voided because he was intoxicated when he signed it. He thought the contract was for a 50/50 partnership not 51/49. What would the court consider in making a decision in this Show all ? íMG-20180609-W.jpg A IMG-20180609-W.. jpg ^ IMG-20 180609.w jpg G 2018...Jpg 18.. jpgScanner IMG 2018....g 6:55 PM /10/201 e here to searchExplanation / Answer
The court would try to test the claim - "I was intoxicated when I signed it" - made by your partner in order to arrive at a decision. For testing purpose, it may collect some data from the bar to which both of you had gone before signing the contract. This data can help the court in testing the claim and coming at a correct decision.
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