Who owns each of the three tracts? Why?-Should Charles succeed? Explain
ASSIGNMENT 1.Donald Petersen joined his father, William Petersen, in a chicken hatchery business William had previously operated as a sole proprietorship. When the partnership was formed, William contributed the assets of the proprietorship, which included cash, equipment, and inventory having a total value of $41,000. Donald contributed nothing. They agreed to share the profits equally. […]