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X and Y are partners in a firm dealing in garments. X Placed an order in the firm’s name and on the firm’s letter head for 10 bottles of wine to be supplied at his residence:
  • a)
    The firm is not liable for A’s act
  • b)
    The firm is liable for tort
  • c)
    A has acted within his implied authority
  • d)
    The firm is liable for A’s Act
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
X and Y are partners in a firm dealing in garments. X Placed an order ...
For 500 pieces of shirts from a manufacturer. The cost of each shirt is $10. Y received the order and realized that the manufacturer sent 550 pieces of shirts instead of 500.

The total cost of the shirts would be 550 * $10 = $<550*10=5500>>5500.
Since X placed the order, X would be responsible for paying for the shirts.
The total cost of the shirts will be divided equally between X and Y since they are partners.
Therefore, X would need to pay $5500 / 2 = $<5500 =2750="">>2750 for the extra shirts.
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X and Y are partners in a firm dealing in garments. X Placed an order in the firm’s name and on the firm’s letter head for 10 bottles of wine to be supplied at his residence:a)The firm is not liable for A’s actb)The firm is liable for tortc)A has acted within his implied authorityd)The firm is liable for A’s ActCorrect answer is option 'A'. Can you explain this answer?
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X and Y are partners in a firm dealing in garments. X Placed an order in the firm’s name and on the firm’s letter head for 10 bottles of wine to be supplied at his residence:a)The firm is not liable for A’s actb)The firm is liable for tortc)A has acted within his implied authorityd)The firm is liable for A’s ActCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X and Y are partners in a firm dealing in garments. X Placed an order in the firm’s name and on the firm’s letter head for 10 bottles of wine to be supplied at his residence:a)The firm is not liable for A’s actb)The firm is liable for tortc)A has acted within his implied authorityd)The firm is liable for A’s ActCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and Y are partners in a firm dealing in garments. X Placed an order in the firm’s name and on the firm’s letter head for 10 bottles of wine to be supplied at his residence:a)The firm is not liable for A’s actb)The firm is liable for tortc)A has acted within his implied authorityd)The firm is liable for A’s ActCorrect answer is option 'A'. Can you explain this answer?.
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