Question
Lesedi and beaty are partnerss in an auditing firm. Their partnership agreement stipulates that only Lesedi may contract on behalf of partnership. Beauty purchases a
Lesedi and beaty are partnerss in an auditing firm. Their partnership agreement stipulates that only Lesedi may contract on behalf of partnership. Beauty purchases a yach on behalf of the partnership.
indicate the correct statement:
1. The partnership will be bound to the contract to purchase regardlessof whether Lesedi gave his consent, in terms of the principle of mutual mandate.
2. The partnershipwill be bound to all contracts concluded in the name of partnership because it has a separate juristic personality.
3. The partnership will be bound to the contract to purchasethe yach only if Lesesi gave his consent.
4. The partnership cannot be bound, becausethe soctrine of constructive notice applies to partnerships
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