Vladamir, Alexander and Tchaicovsky are each partners in VAT Vodka. Vladamir enters into a contract with Grey Moose to make all of their vodka for them. Quickly VAT fails miserably to perform the terms of the contract and Grey Moose successfully sues them for damages. Which statement is correct?
A) Only the business assets of VAT will be used to pay the lawsuit.
B) Only Vladamir will be required to pay the lawsuit as he is the one who entered into the contract.
C) Since the facts state the only Vladamir entered into the contract, the contract will be deemed unenforceable as in a partnership, it requires all of the partners to consent to the agreement.
D) All three partners will be liable for the lawsuit.
Correct Answer:
Verified
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