Fact Pattern 14-2?Luann and Mace are partners in Networx, a computer peripherals firm.
-Refer to Fact Pattern 14-2.Mace dissociates from Networx.Luann signs a contract with Physik Drives, a wholesale component supplier, apparently on Networx's behalf.Physik does not know of Mace's dissociation.The contract is binding on

Question

Quizplus · Accepted Answer

The contract is binding on Luann, Mace, and Networx because Physik Drives was not aware of Mace's dissociation, and thus, Mace is still considered a partner with apparent authority to bind the partnership.

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