Business, 10.09.2019 04:30 randenbrown1653

Ames, bell, and cole were equal partners in the abc construction company. they had no formal or written partnership agreement. cole died on june 30, and his widow, cora cole, qualified as executor of his will. ames and bell continued the business of the partnership until december 31, when they sold all of its assets. after paying all partnership debts, they distributed the balance equally among themselves and mrs. cole as executor. subsequently, mrs. cole learned that ames and bell had made and withdrawn a net profit of $20,000 from july 1 to december 31. the profit was made through new contracts using the partnership name and assets. ames and concealed such contracts and profit from mrs. cole, and she learned about them from other sources. immediately after acquiring the information, mrs. cole made demand upon ames and bell for one-third of the profit of $20,000. they rejected her demand. what are the rights and remedies, if any of cora cole as executor?

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Ames, bell, and cole were equal partners in the abc construction company. they had no formal or writ...

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