Question
Kelli and Marcus are partners in Wonder Book, a General Partnership, a publisher of technical and reference books. Each has authority to make contracts with
Kelli and Marcus are partners in Wonder Book, a General Partnership, a publisher of technical and reference books. Each has authority to make contracts with authors to publish books. Marcus contracts to publish a book,The Desk Guide to Spelling. Marcus makes the contract only after carefully reading the manuscript, reviewing the competition and their sales, and consulting projections for sales of similar books. He believes that the book will have a high volume of sales. Nevertheless, the book is a flop and Wonder loses $50,000 on the deal. During an accounting, Kelli claims that Marcus is liable for the $50,000 for making a bad decision to publish the spelling book. Is Marcuspersonallyliable to his partner Kelli? Why or why not?
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