Anita, in violation of a specific agreement not to extend credit over $1,000 without the other partners' approval, extends credit of $2,000 to a friend. Anita will be held personally liable to the partners for any unpaid debt since she violated the duty of obedience.

Question

Quizplus · Accepted Answer

Anita violated the duty of obedience by not adhering to the agreement, making her personally liable for any resulting unpaid debt.

Anita, in Violation of a Specific Agreement Not to Extend