Question
Frederica, Monika and Iona are in partnership.Their business, FlowerBurst, buys flowers and small gift products and sells them in their flower shop in the city
Frederica, Monika and Iona are in partnership.Their business, FlowerBurst, buys flowers and small gift products and sells them in their flower shop in the city centre of Dundee.Frederica sometimes receives a commission from one of their suppliers, supposedly for FlowerBurst, when she places an order for a large number of flowers and gift products.She doesn't inform Monika and Iona of the commission nor does she pay the commission into the partnership's bank account.Frederica, with the other partners' knowledge, also purchases small housewarming gifts from DecorIt Ltd, a company that she owns and runs with her husband, Ryan.
Required:
With reference to relevant case law and legislation, discuss the partners' duties and liabilities in the above situation (Refer to relevant cases)
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