Fact Pattern 27-1
Hal, Ira, and Jill are partners in Kappa Accessories, a computer peripherals firm.
-Refer to Fact Pattern 27-1.Hal signs a contract with Lycra Chips,a retail component supplier,allegedly on Kappa's behalf.The contract is binding on
A) Hal, Ira, Jill, and Kappa.
B) Hal only.
C) Kappa only.
D) no one.

Question

Fact Pattern 27-1 
Hal, Ira, and Jill are partners in Kappa Accessories, a computer peripherals firm.
-Refer to Fact Pattern 27-1.Hal signs a contract with Lycra Chips,a retail component supplier,allegedly on Kappa's behalf.The contract is binding on
A) Hal, Ira, Jill, and Kappa.
B) Hal only.
C) Kappa only.
D) no one.

Quizplus · Accepted Answer

As partners in a partnership, Hal, Ira, and Jill are all bound by contracts signed by any one of them on behalf of the partnership, assuming the contract is within the scope of the partnership's business.