Obviously, the place to start is with whatever contract, operating agreement (LLC), partnership agreement or shareholder agreement (corporation) you may have. These documents frequently make reference to a "fiduciary" duty which covers such situations.
But I have several other concerns. For example, is the partner using the same tax id number? If so, this could cause problems when it comes time to file...
Benton R Patterson III's answer I would speak with your title insurance company about this. In most cases, it is the title insurance company that ends up handling problems with deed warranties rather than the seller individually.
Title 47. Motor Vehicles Chapter 62A - Used Motor Vehicle and Parts Dealers
Section 581 - Definitions
19. a. "Used motor vehicle dealer" means any person who, for a commission or with intent to make a profit or gain of money or other thing of value, sells, brokers, exchanges, rents with option to purchase, or offers or attempts to negotiate a sale or exchange of an interest in used motor vehicles, or who is engaged wholly or in...
Richard Winblad's answer Never seen a daiquiri shack in Oklahoma. This would probably be considered a bottle shop since the beverage is to be consumed off-premises. Aside from local restrictions (city / county) look at. http://www.oar.state.ok.us/oar/codedoc02.nsf/frmMain?OpenFrameSet&Frame=Main&Src=_75tnm2shfcdnm8pb4dthj0chedppmcbq8dtmmak31ctijujrgcln50ob7ckj42tbkdt374obdcli00_
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