Cary, Dean, and Madeline are partners in a furniture store. Madeline wants to buy some antiques from an upcoming estate sale. Dean thinks it's a good idea, but Cary says it is too pricey. Madeline goes ahead and buys the antiques. Which of the following best describes the situation?

A. All three partners must agree on the furniture purchase. B. The estate can hold the partnership liable, but Madeline has breached her duty to the partnership. C. Cary will not be liable to the estate on the antiques contract. D. The partnership and all three partners will be liable on the contract for the antiques.

Question

Andres Jensen

Business

18 December, 21:56

Cary, Dean, and Madeline are partners in a furniture store. Madeline wants to buy some antiques from an upcoming estate sale. Dean thinks it's a good idea, but Cary says it is too pricey. Madeline goes ahead and buys the antiques. Which of the following best describes the situation?

A. All three partners must agree on the furniture purchase. B. The estate can hold the partnership liable, but Madeline has breached her duty to the partnership. C. Cary will not be liable to the estate on the antiques contract. D. The partnership and all three partners will be liable on the contract for the antiques.

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Answers (1)

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Nola Osborne · Answer 1

The partnership and all three partners will be liable on the contract for the antiques.

Explanation:

According to the scenario been described in the question, the option that best explain the it is the partnership and all three partners will be liable on the contract for the antiques, this is so because the three are members of the same board and they share whatever comes to their way.