Question
Blake agrees with his best friends Johnson and Larry that they will each take turns on Friday nights to buy drinks for the rest of
Blake agrees with his best friends Johnson and Larry that they will each take turns on Friday nights to buy drinks for the rest of the group. All goes well for the first 2 weeks. In the third week, Larry refuses to pay for drinks for anyone stating that he has just lost his job so he cannot afford to pay for everyone. What is Larry's legal position in terms of NZ contract law, is he bound to pay for those drinks or he is not legally bound to pay for it ?
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
