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Exit VCEDump BUSINESS-ENVIRONMENT-AND-CONCEPTS Certified Public Accountant (Business Environment amd Concepts)

Q13 Single choice

Locke and Vorst were general partners in a kitchen equipment business. On behalf of the partnership, Locke contracted to purchase 15 stoves from Gage. Unknown to Gage, Locke was not authorized by the partnership agreement to make such contracts. Vorst refused to allow the partnership to accept delivery of the stoves and Gage sought to enforce the contract. Gage will:

A
Lose, because Locke's action was not authorized by the partnership agreement.
B
Lose, because Locke was not an agent of the partnership.
C
Win, because Locke had express authority to bind the partnership.
D
Win, because Locke had apparent authority to bind the partnership.

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