(Answered) Bob and charlie are owners of bochar a partnership bob

Finance

Bob and Charlie are owners of BoChar, a partnership. Bob decides to go with a particular supply company, Sammy Supplies. He enters into a contract on behalf of the partnership. Charlie, upset that Bob made this decision, calls Sammy and informs them that BoChar will not be doing business with them. Sammy Supplies brings a lawsuit against Bob and Charlie for breach of contract. Who is liable here? Explain.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M93038150
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Borel wants to be a millionaire when he retires in 40 years

Borel wants to be a millionaire when he retires in 40 years. How much does he have to save each month if he can earn a 10% annual return? (round off all answers to 2 decimal places)

Paul wants to accumulate 14500 for the down payment for a

Paul wants to accumulate $14,500 for the down payment for a new condo. He plans to start investing $2,500 annually beginning today. The investment account will pay 10 percent interest compounded annually. How long would ...

Question - discuss the concerns related to valuing a firm

Question - Discuss the concerns related to valuing a firm that deals in multiple currencies. A substantial initial response consisting of a minimum of 100 words, using proper grammar, spelling, and punctuation, as well a ...

Assignment - answer question 1 or 2 and 7 of the remaining

Assignment - Answer question 1 or 2, and 7 of the remaining questions (3 through 10). Q1. Describe the decision making process for either a or b below. (Circle the one you elect to describe): a. A corporation is consider ...

You have inherited an apple orchard and want to sell it in

You have inherited an apple orchard and want to sell it in the next four years. An expert in apple orchard valuation has estimated the after-tax cash flow you would receive if you sold at the end of each of the next four ...

How does the review of cost records within a review of

How does the review of cost records within a review of project outcomes assist the organisation?

Fake company lambda just paid a large dividend to common

Fake Company Lambda just paid a large dividend to common shareholders of $1.24. Company executives also announced a plan to keep the dividend growing at 3.5% for the foreseeable future. If your required return on equity ...

Question - four days ago you entered into a futures

Question - Four days ago you entered into a futures contract to buy €125,000 at $1.10 per euro. The spot exchange rate when you entered the contract was $1.07. Your initial performance bond was $5,800 and your maintenanc ...

Critical thinking assignment -choose one of the following

Critical Thinking Assignment - Choose one of the following two assignments to complete this week. Do not do both assignments. Identify your assignment choice in the title of your submission. Option 1: Delta and Risk-Neut ...

Deyoung entertainment enterprises is considering replacing

DeYoung Entertainment Enterprises is considering replacing the latex molding machine it uses to fabricate rubber chickens with a newer, more efficient model. The old machine has a book value of $450,000 and a remaining u ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert