In which one of the following situations would Sam not be liable for the conduct of his partner,Joe?
A) Joe is in a partnership with Sam in a shoe store, and without telling Sam, Joe opens up a franchise of Kinney's Shoes in an adjoining municipality, which suffers a loss.
B) They made it clear in their partnership agreement that they would not be liable for each other's actions.
C) Joe, without the knowledge or consent of his partner Sam, purchases a gross of patent leather shoes in the name of the partnership shoe business.
D) Joe absconds with trust funds he has accepted from a client in his accounting partnership with Sam.
E) Joe is in a partnership with Sam and injures a customer while doing partnership business.
Correct Answer:
Verified
Q66: Which one of the following is incorrect
Q70: Which of the following is true with
Q76: Alison told her partners in writing that
Q77: Which one of the following statements is
Q79: Which of the following statements is correct
Q84: Which of the following is incorrect with
Q90: Which of the following is true in
Q93: An agent cannot bind the principal in
Q104: When an agent acts beyond the specific
Q111: A contract entered into by an agent
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents