The most recent prospective buyer offered 930000 but would not budge from that

The most recent prospective buyer offered 930000 but

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below $950,000. The most recent prospective buyer offered $930,000 but would not budge from that price. Baker, fearing that a rival broker would obtain a buyer and cause him to lose the commission, agreed to lower the commission from $57,000 (6% of the sale price) to $37,000 which was acceptable to Dee. Baker did this without the consent of either of the other partners. While he was returning from showing the property for the third time, Baker decided to stop at Shady Grove Retirement Center (about five miles south of his office) to visit his aged aunt. While he was returning from that visit (about two hours later), Baker ran a stop sign and crashed into Dubious'
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12/3/2019 Quiz 6 (Module 11-12) (Remotely Proctored): BUS110-81195 Bus Law/Legal Environment 5/13 Your Answer: car, damaging it and injuring Dubious. 1. Can the partnership recover from Dee the $20,000 reduction in the commission granted by Baker to Dee? Explain. 2. What recourse does the partnership or the other partners have against Baker? Explain. 3. a) Who is liable for the damages to Dubious? b) If the partnership were liable, how could Dubious obtain the money from it? c) If Baker were liable, how could Dubious obtain the money from him (if he won't pay directly)? 1. No. A partner has apparent authority to carry on the partnership business in the usual way of such a partnership. A real estate broker usually has the authority to reduce the standard commission charged by the firm. Here is a secret limitation on the authority of a partner. Only if Dee were aware of Baker's lack of authority could the partnership recover the $20,000. 2. The firm has a right to recover the $20,000 from Baker. A partner's failure to comply with the partnership agreement subjects her to liability for loss caused to the firm. 3. Partners are jointly and severally liable for torts committed in the scope of partnership business. It is arguable here if Baker was in the scope of partnership business when he committed the tort. If he were, the partners are jointly and severally liable; assets of the firm may be taken to satisfy the obligation, and assets of each partner may be taken. If Baker were not determined to be in the scope of partnership business, then he alone is liable. Dubious may obtain a charging order permitting him to have access to proceeds from Baker's interest in the firm, and, if the obligation is not paid, to dissolve the partnership and collect Baker's share of the assets. 1 / 1 pts Question 10 In the course of the partnership business, partners are not entitled to a wage. True False
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12/3/2019 Quiz 6 (Module 11-12) (Remotely Proctored): BUS110-81195 Bus Law/Legal Environment 6/13 0 / 1 pts Question 11 Incorrect Incorrect Debtor, a partner in the firm D, E, and F, becomes personally indebted to Creditor; Creditor obtains a judgment against Debtor. In satisfying the judgment, Creditor may take claim to specific partnership property.
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