The partners of a small accounting firm delegate responsibilities among themselves for various duties. Davis is responsible for professional development. After reserving a banquet room and food for a seminar at which a leading tax accountant will speak, Davis learns on the eve of the seminar that the guest cannot attend. If at another time Davis arranges a Christmas party at a local restaurant for partners and their spouses, the restaurant can demand payment from Davis if the firm fails to pay the bill.

True or False.