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...
View Full Document
This note was uploaded on 04/30/2010 for the course BUSLAW 301 taught by Professor Abu during the Spring '09 term at Abu Dhabi University.
- Spring '09