Business Studies · Partnership Act
Is a restaurant partnership firm bound by Partner B's purchase of expensive art paintings for his personal home?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1No, because other partners did not provide unanimous consent.
- 2Yes, because Partner B represented himself as having authority.
- 3No, because purchasing art for a private residence is outside the usual scope of a restaurant business.✓
- 4Yes, because a partner has the power to bind the firm in all contracts.
Correct answer
No, because purchasing art for a private residence is outside the usual scope of a restaurant business.
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