Moe, Larry, and Curly form a musical partnership (Les Trois Larbin – LTL). According to the LTL agreement, Moe has to get approval from either Larry or Curly before spending more than $1000 on any item for LTL. In the past, Moe has purchased a variety of musical instruments for LTL from Ray’s Music Exchange, ranging in price from $300 to $999, and LTL has always paid for these after Ray sent their account charge invoice. Last week, to prepare for a LTL’s next concert, without initially consulting Larry or Curly, Moe bought a $1050 flugelhorn from Ray’s, signing the receipt, “LTL, by Moe, Partner.” Ray sends an invoice to LTL, but LTL does not pay because Larry and Curly both refuse to allow this purchase. Can Ray recover from the partnership?
Group of answer choices
No, if Ray has seen the LTL agreement.
Yes, because Moe has authority to purchase musical instruments for their musical partnership.
Yes, because after Moe has purchased instruments from Ray’s, he has authority to purchase any musical instrument from Ray’s.
No, because Larry and Curly did not approve before the purchase.
Leave a Reply