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The partners agreed that they should not make any purchases above the sum of RM25,000.00 without the other's consent. Ali is with Ben and Cyrus
The partners agreed that they should not make any purchases above the sum of RM25,000.00 without the other's consent. Ali is with Ben and Cyrus when Ali says to the Manager in Exotic Tables in front of Ben and Cyrus that he wants to buy an antique table costing RM30,000.00 to be used by their partnership firm. Both Ben and Cyrus kept quiet and Ali made the purchase. Is the partnership bound by the said purchase?
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
