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note:- pls answer in 200 or more words for each question Peter, Pooja and Sasha have always wanted to work together. They all have a
note:- pls answer in 200 or more words for each question
Peter, Pooja and Sasha have always wanted to work together. They all have a shared loved for baking cakes and so decide to start a cake business. Each of them agrees to invest $5,000 to start the business. They rent out a small shop to carry out the business. Peter, who has always been good with numbers, is in charge of the finances of the business. Pooja, who has a background in retail, is in charge of sales and Sasha agrees to bake the cakes. Peter, Pooja and Sasha don't have a formal written agreement as they are all close friends. They all agree that they can each make purchases up to $500 individually and anything more than this amount requires approval of all of the three. After a few weeks, the business receives lots of orders for cakes so Sasha purchases a cake mixing machine for $550 to help her in making the cakes. Please answer the following questions referring only to the Partnership Act 1958 (Vic). a. Are Peter, Pooja and Sasha partners? (5 marks) b. Does Sasha have authority to purchase the cake mixing machine? (5 marks) c. Are Peter and Pooja responsible for the purchase of the cake mixing machine made by Sasha Step by Step Solution
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