Homework Answers
Here, A sold hardware business to B for $10000 plus 20% of net profit form business for five years. It means A sold 20% of right over control to B. Hence B will be the investor and A will be associate. As B is having 20% controlling rights over A business.
A being the controller of business can put restriction on B to appoint A as mangement consultant to business with certain veto rights to ensure no asset of business was dissipated by the buyer. As A still having 80% share in profit. So he can put such restriction over B to control his business.
I hope this clarifies your question. Pls rate and comment in case of any query
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