Question
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.
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.