Question: QS 1 2 - 1 ( Static ) Partnership liability LO C 1 Amy and Lester are partners in operating a store. Without consulting Amy,

QS 12-1(Static) Partnership liability LO C1
Amy and Lester are partners in operating a store. Without consulting Amy, Lester enters into a contract to purchase $10,000 of merchandise for the store. Amy says she did not authorize the order and that she could have purchased the same merchandise for $7,000. Amy refuses to pay for the order. The vendor sues the partners.
Must the partnership pay for the merchandise? If yes, how much?
Assuming the partnership is a general partnership, can Amy's personal assets be taken to pay for the merchandise?

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