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QUESTION

Answer the following legal problems. Support your responses with appropriate cases, laws, and other relevant examples. Legal Problem 1:

Answer the following legal problems. Support your responses with appropriate cases, laws, and other relevant examples.Legal Problem 1: Edwards, Daily, Miller, and Conner were partners in an accounting firm in Los Angeles. Edwards, who was in poor health and wanted to retire, advised the partners that she had assigned her full and complete interest in the partnership to her son, Barry, a highly qualified person with 10 years of accounting experience. Daily, Miller, and Conner refused to allow Barry to attend management meetings and refused his request to inspect the books. Barry pointed out that his mother had invested as much time in the firm as any other partner. He believed, as assignee of his mother’s full and complete partnership interest, that he is entitled to inspect the books as he sees fit and participate fully in the management of the firm.Is Barry entitled to participate in the management of the partnership? Why? Why not?What are Barry’s rights?Legal Problem 2: Larry was one of the three partners of Ellen Distribution, an Arizona partnership. Capital Investment Corp. sued the partnership and obtained a judgment of $2,500,000 against it, but the partnership could not pay the judgment. Capital then sued Larry for the entire debt on the theory that, as a partner of Ellen, he was liable for its debts.What, if any, is Larry’s liability?

Legal Problem 11. Barry is not entitled to participate in the management of the partnership because theother three partners of the firm (Daily, Miller, and Conner) are not ready to entertain him...
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