LAWS 3201 Lecture 3: lecture 3-BEF
22 Feb 2016
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We will see a slow shift to asia and no longer come from china. Business has moved out of china because other countries can work for cheap. o. Last year china poured out more than they received. Chinese are always paying with their currency, usa is consistent. If its not on paper its not good in business. Trade - exchange of goods (can be workforce or actual involvement. ) Carry on a business in common - i. e. starting a plumbing shop - i bring expertise, partner brings cash. The one with the money has the power. But what makes you succeed is helping that person make more. With a view to profit - intention/you may not profit but your intentions. Example - summer = renting kayaks. are to make it. Joint tenancy = we own building and need to dispose of it together. Tenancy in common = i can sell my part.
