QUESTION 22 The Oak Grove Partnership decided it would buy personal computers for use by each partner. Unknown to the other partners, Cromwell, a partner, had an ownership interest in a computer store and thought he could get the computers for the partnership at the best price because of his inside position. He did, in fact, obtain eight computers at only $150 above the manufacturer's price, which was $250 less than the next lowest bid for each computer. What consequence? a. Since Cromwell obtained the lowest price available, the deal will go through. b. Cromwell will have to rescind the contract and go with the next highest bidder. Oc Cromwell will have to give his part of the sales profits to the partnership d. Because Cromwell did not tell his partners of his inside position with the computer store, there will be no sale. QUESTION 23 Co-ownership of the means or instrumentality of accomplishing a single business transaction or a limited series of transactions ordinarily results in a: a partnership b.corporation c joint venture d. R & D partnership