Question
1.Adrian and Brian intend to start a business selling second hand cars. Adrian and Brian decided to use a partnership, as a business structure to
1.Adrian and Brian intend to start a business selling second hand cars. Adrian and Brian decided to use a partnership, as a business structure to operate their second hand car business. Consider the following scenarios.
ScenarioThere is no agreement between Adrian and Brian as to their respective authority to contractually bind the partnership with regards to third parties:
a.Brian tells Colin that he is contracting on behalf of the partnership and purchases a second hand car from Colin for $10 000;
b.Brian tells Colin that he is contracting on behalf of the partnership and purchases a leather jacket from Colin for $1 000;
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