In: Finance
Throughout this course, many discussion opportunities come up where you need to respond to other people's opinions and comments. Then, respond to your Discussion topic after you have completed your Reading.
Bo Jenkins, (Camille’s second ex-husband) and Camille have a sporting accessories store together. Camille bought Bo’s share of the store but continues to rent to him so that business can be conducted as usual. One of the biggest customer draws to the store is Bo, as he was a world famous international triathlon runner whose name has been endorsed by a multitude of sporting goods manufacturers. Bo has decided he and Rana, a former friend of Camille’s will be entering into European ventures together. As such, Bo has orally assigned his lease to Rana’s daughter Fauna. Bo has given Camille oral notice of the assignment. Fauna was a model and knows fashion and has sold items that would look great with some of the accessories in the store. Camille objects to the assignment claiming that the store is a specialty store and personal in nature and therefore cannot be assigned.
Please respond using the information from your Reading and be sure to do the following:
Discuss whether or not the assignment is valid.
Analyze whether or not the rights can be assigned or if they are prohibited under the basic rules of assignments.
As in the above paragraph, Bo Jenkins is a second ex-husband of Camille. And were the business partners which even runs today and with the oral notice boards and Kendra tell the camel that he and Rana are going to start up with the new venture in Europe and thier ranas daughter is a model and get the accessories for the store. Where the Camille refuses for the assignment and accordingly it is valid because in a business oral registration of the information is not valid there should be a written document of the proof and where there are two partners of the business they share the equal profit and loss of their enterprise or a store they have to tell each and everything to each other so that there may be no fraud like in the financial status or some other.
And it is a basic rule that the two partners or a more than two do when doing a business together they have to share the profit and loss and have to share all the valid information related to the business and where comille was not totally involved she can't deny it and she did.
And it was the true decision of the camille because no one will never take the risk at the loss.