Question

Amy and Lester are partners in operating a store. Without consulting Amy, Lester enters into a contract to purchase merchandise for the store. Amy contends that she did not authorize the order and refuses to pay for it. The vendor sues the partners for the contract price of the merchandise.
(a) Must the partnership pay for the merchandise? Why?
(b) Does your answer differ if Amy and Lester are partners in a public accounting firm? Explain.



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  • CreatedNovember 26, 2013
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