Unformatted text preview: Of course, if the other partners agree that Dewey should be allowed to keep the $1,500 for himself, he may do so. 25. Beitz is justified in refusing to pay the debt. Beitz & Barks is a nontrading partnership, so borrowing money would not be in the ordinary course of business. Nothing in the facts leads to a conclusion that Barks would have had express, implied, or apparent authority to bind the partnership (and her partner) Business Law and the Regulatory Environment, 11E 63...
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- Spring '09
- Business Law, Corporation, partner, related forms