Question
Question 3 (a) Name five ways in which a partnership may terminate. (5) (Principles of Business Law); (b) Jenny owns a clothing shop. Jenny buys
Question 3 (a) Name five ways in which a partnership may terminate. (5) (Principles of Business Law); (b) Jenny owns a clothing shop. Jenny buys all the clothing for her shop and although her manager, Shirley, runs the shop in Jenny's absence, she has no authority to buy for the shop. On one occasion Shirley, without Jenny's authority buys a batch of shirts from a wholesaler, which she thinks Jenny will like. When Jenny hears of Shirley's transaction she agrees to keep the shirts. However, when the wholesaler claims payment from Jenny she refuses to pay, arguing that Shirley lacked authority to perform the transaction. Advise the wholesaler. (10) (c) Briefly discuss the implied warranty against eviction under a contract of sale. (5) (d) Name three duties of a principal to his agent. (3) (e) Name two duties of an agent to his principal. (2)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started