Hayes v. National Service Industries (p. 50) :
Hayes v. National Service Industries (p. 50) Hayes
(Client) Rogers
(Attorney) Defendant’s
Attorney $15,000 Settlement
Miller v. McDonald’s (p. 55) :
Miller v. McDonald’s (p. 55)
Miller v. McDonald’s (p. 55) :
Miller v. McDonald’s (p. 55) McDonald’s
(Franchisor) 3K
(Franchisee)
Miller v. McDonald’s (p. 55) :
Miller v. McDonald’s (p. 55) McDonald’s
(Franchisor) 3K
(Franchisee) Rick
Miller v. McDonald’s (p. 55) :
Miller v. McDonald’s (p. 55) McDonald’s
(Franchisor) 3K
(Franchisee) RSA 267: “One who represents that another is his servant or other agent and thereby causes a third person justifiably to rely upon the care and skill of such apparent agent is subject to liability to the third person for harm caused by the lack of care or skill of the one appearing to be a servant or other agent as if he were such.”
Miller v. McDonald’s (p. 55) :
Miller v. McDonald’s (p. 55) McDonald’s
(Franchisor) 3K
(Franchisee) RSA 267: “One who represents that another is his servant or other agent and thereby causes a third person justifiably to rely upon the care and skill of such apparent agent is subject to liability to the third person for harm caused by the lack of care or skill of the one appearing to be a servant or other agent as if he were such.”
Investments in a Business :
Investments in a Business Debt (Lending)
Obligation to repay, usually with interest
Not considered an ownership interest
Equity
“Ownership” interest
No fixed obligation to repay
Entitled to share in profits Debt has priority over equity. Equity is the residual interest.
Debt Financing :
Debt Financing Interest charged relates to risk
Ways to reduce risk
personal guaranties
collateral
giving lender some control
Possibility of greater return to offset risk (profit-sharing)