Fact Pattern 14-2?Luann and Mace are partners in Networx, a computer peripherals firm.
-Refer to Fact Pattern 14-2.Luann signs a contract with Oleo Chips, a retail component supplier, apparently on Networx's behalf.The contract is binding on

Question

Quizplus · Accepted Answer

In a partnership, partners have the authority to bind the partnership in contracts related to the business. Since Luann signed the contract on behalf of Networx, it is binding on Luann, Mace, and Networx.

Fact Pattern 14-2?Luann and Mace Are Partners in Networx, a Computer