Daniel, Elizabeth, and Fred are partners. Daniel has the express authority to purchase inventory for the business. Fred sees an excellent sale on inventory items, and purchases the items for the partnership. Elizabeth and Daniel are mad that Fred made this purchase because he depleted the funds in the partnership's bank account. Under these circumstances O the partnership is not liable for the items Fred purchased due to Fred's lack of authority. O the partnership is not liable for the items Fred purchased unless Daniel approves of the purchase. O the partnership is liable for the items Fred purchased because of the business judgment rule. O the partnership is liable for the items Fred purchased