Partner A contracted with a vendor to buy a computer for the partnership. Partner A did not

Question:

Partner A contracted with a vendor to buy a computer for the partnership. Partner A did not discuss the transac- tion with Partner B or get Partner B's approval. Partner B refused to approve payment for the computer when it was delivered, claiming that the vendor cannot force payment because all partners did not agree to buy the computer. The vendor claims that the transaction is valid, and the partnership must pay for the computer. Is Partner B or the vendor correct? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Advanced

ISBN: 9780538447553

9th Edition

Authors: Claudia Bienias Gilbertson

Question Posted: