Select the two items below that are described in a business case for a project.
A. Time frame for project completion
B. Problem the project is solving
C. Performance-based outcomes of the project
D. Reason the project is needed
E. People interested in the project
B. Problem the project is solving
D. Reason the project is needed
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Any oral or written words outside the four corners of a written contract are termed as ________
A) parol evidence B) exclusive integration C) leading object exception D) main purpose exception
Sheila and Rob mutually decide to start a business together. Being close friends, they do not enter into a written agreement and agree to split all responsibilities and profits equally
However, Sheila soon finds herself saddled with more than her share of work. She now resents splitting the profits equally since her contribution to the business is more. This has affected Rob and Sheila's friendship. What form of business organization is followed by Rob and Sheila? What should they have done to prevent any misunderstandings between themselves? Can Sheila legally claim a greater share of profits?