Dubious and Able were partners in DUC (Dubious Used Cars). Dubious, the managing partner, signed a contract with Buyer for the sale to Buyer of a small parcel of land belonging to the partnership. Except for the last twenty feet, which was necessary for the driveway, the parcel was not used by the partnership. The agreement stated that it was between Buyer and DUC, with Dubious signing for the partnership. Dubious claimed that he told Buyer before signing that a plat plan would have to be approved by Able before the sale. Buyer denied this and sued for specific performance.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q49: Francis, Ricky, and Andrew had opened a
Q50: Creditor obtained a personal judgment against Debtor,
Q51: Roswell is a partner in the ABC
Q52: The worst aspect of partnerships is
A) the
Q53: State the ten different causes of dissociation.
Q55: "Joint and several" liability for partnership obligations
Q56: The _ states that a business entity
Q57: The Revised Uniform Partnership Act (RUPA) uses
Q58: A court order that directs a partnership
Q59: State at least five duties that partners
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