Question
Alice and Charles are partners in Poppy & Co, a firm which deals in the sale and purchase of furniture.Recently, Alice and Charles decided to
Alice and Charles are partners in Poppy & Co, a firm which deals in the sale and purchase of furniture.Recently, Alice and Charles decided to give Sanny, their long-serving employees, a right to receive 10% of the firm's annual net profits as a bonus.Sanny was delighted about this.
Last week, Sanny agreed to sell to a customer a van belonging to the firm.However, Alice and Charles refused to allow the customer to take delivery of the van, stating that Sunny had no right to sell the van belonging to the firm.
a)State whether Sanny has become a partner in Poppy & Co.(3 m)
b)Assume that Sanny has become a partner, and state whether Alice and Charles are legally bound to sell the van to the customer.(5m)
c)In the event Alice wishes to retire from the firm, describe how she may do.(3m)
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