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July 24, 2014

Homework Help: Business Law - Partnership

Posted by Student555 on Wednesday, March 2, 2011 at 1:26am.

Question:
Bright is a partner in a firm of accountants. Without consulting the others, he orders a word processor, though the price exceeds the figure for which agreement of all partners is required by the partnership agreement. He appoints a new clerk without consulting his fellow partners. Explain whether these contracts are binding on the firm, and Bright's legal position.

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