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3 Chan, Lee and Wong enter into a partnership agreement, stipulating that all contracts above HK$100,000 must receive the consent of all partners. Recently Wong

3 Chan, Lee and Wong enter into a partnership agreement, stipulating that all contracts above HK$100,000 must receive the consent of all partners. Recently Wong received an order from a client with contractual price of HK$200,000. He had little time to decide on its merits and so signed the contract without consulting other partners. Is the agreement binding on the firm?

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