Kendall has developed a new fishing rod and needs $100,000 t…
Kendall has developed a new fishing rod and needs $100,000 to build some inventory and cover the start-up costs for a new business. Roman, a wealthy fishing nut who considers Kendall his closest friend, transfers $100,000 to Kendall. At the time Roman funded the $100,000, Kendall said nothing about paying Roman back and proclaimed “we are going to make a killing in this business.” As to this venture,