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General partners and enforcing contract

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Address the two scenarios below. Support your responses with appropriate cases, laws, and other relevant examples.

Partnership Contracts
Wally and Beaver were general partners in a car dealership. Using the partnership name, Wally entered into a contract to purchase 30 used cars from Car Lots. Car Lots was not aware that Wally was not authorized to enter into this type of agreement. When the cars were delivered, Beaver refused to accept the cars. Car Lots wants to enforce the contract.
Explain the arguments for Car Lots and the car dealership? Which party will win? Explain why.

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Solution Summary

The solution discusses scenario at a car dealership related to enforcement of contract in a general partnership situation.

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Both partners are equally responsible for the acts of the other partners and one of the partners can legally ...

Solution provided by:
Sheetal Jain, PGDM
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  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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