Question
Maria, Patricia and Therese are business partners. Maria, without authority, sold a land registered in the name of the partnership to Steven. When Patricia and
Maria, Patricia and Therese are business partners. Maria, without authority, sold a land registered in the name of the partnership to Steven. When Patricia and Therese learned of the conveyance of the real property they sought to recover the property from Steve.
1. Under what circumstance/s may the partnership recover the land if Maria sold the property in the partnership name?
2. Assume that Maria sold the land in the partnership name and that Steven subsequently sold the land to Steen a holder for value who had no knowledge of Maria's lack of authority. Will the partnership recover?
Briefly Explain your answers.
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