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Answered: - DR.MATT FORNFELD, A PHYSICIAN PRACTICING AS A SOLE PROPRIE


DR.MATT FORNFELD, A PHYSICIAN PRACTICING AS A SOLE PROPRIETOR, FALLS BEHIND IN HIS PAYMENTS TO FIRST BANK, A CREDITO TO WHOM HE OWES $275,000.FIRST BANK AGREES TO TAKE REDUCED PAYMENTS FROM MATT, BUT WANTS MORE MONEY IF MATT'S PRACTICE BECOMES MORE PROFITABLE.MATT AGREES TO PAY FIRST BANK AT LEAST $4,000 PER MONTH UP TO A MAXIMUM OF 15 PERCENT OF HIS PROFITS. DOES THIS AGREEMENT MAKE FIRST BANK A PARTNER WITH MATT ??


**ANALYZE

**DEFINE

**SOLVE

**EXPLAIN, WHY ?

DUE AT 7A.M. 3/24/16?


( I BEEN TRYING TO COMPLETE THIS QUESTION FOR 2 WEEKS I TRIED SOLVING IT HOWEVER I AM NOT SURE IF I HAVE THE RIGHT ANSWER PLEASE HELP ! )



 


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