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Tom and Jerry Operate an Ice Cream Business as Equal

Question 48

Essay

Tom and Jerry operate an ice cream business as equal partners.Tom wants to reinvest the profits,and Jerry wants to distribute and spend the profits.If they litigate,the court will likely order the business assets sold,which will destroy the income potential for both Tom and Jerry.Discuss how this dispute might be resolved by arbitration.

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Tom and Jerry will select an arbitrator ...

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