QS $12-1($Static$)$ Partnership liability LO C$1$

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.

a$.$ Must the partnership pay for the merchandise? If yes, how much?

b$.$ Assuming the partnership is a general partnership, can Amy's personal assets be taken to pay for the merchandise?

Complete this question by entering your answers in the tabs below.

Must the partnership pay for the merchandise? If yes, how much?

Partnership pay for the merchandise