The partners of a small accounting firm delegate responsibilities among themselves for various duties.Davies is responsible for professional development.After reserving a banquet room and food for a seminar at which a leading tax accountant will speak,Davies learns on the eve of the seminar that the guest cannot attend.
-The firm is liable for the banquet cancellation charge.

Question

Quizplus · Accepted Answer

Since Davies was responsible for professional development, it can be assumed that he was given the authority to reserve the banquet room and food for the seminar. As a result, he would also be responsible for any cancellation fees incurred due to the guest speaker's absence. Therefore, the firm would be liable for the banquet cancellation charge.

The Partners of a Small Accounting Firm Delegate Responsibilities Among