Bravo and Cox are 50/50 owners of Great Crepe LLP (GCL), a f…
Questions
Brаvо аnd Cоx аre 50/50 оwners of Great Crepe LLP (GCL), a food truck business specializing in crepes. GCL's partnership agreement provides, among other things, that any expenditure by the partnership in excess of $500 requires the unanimous approval of the partners. While having new tires put on her car at a tire shop, Bravo spots a sweet set of rims that she feels would be perfect for the GCL food truck and that are marked down by 40% to $600. Not wanting to miss out on such a great deal, she commits to buy them on behalf of GCL and makes an appointment for the next day to have them installed on the truck. Bravo tells Cox about the rims. Cox is against getting them so tells Bravo to cancel the deal. Is GCL bound on the transaction? Assume RUPA applies.
Brаvо аnd Cоx аre 50/50 оwners of Great Crepe LLP (GCL), a food truck business specializing in crepes. GCL's partnership agreement provides, among other things, that any expenditure by the partnership in excess of $500 requires the unanimous approval of the partners. While having new tires put on her car at a tire shop, Bravo spots a sweet set of rims that she feels would be perfect for the GCL food truck and that are marked down by 40% to $600. Not wanting to miss out on such a great deal, she commits to buy them on behalf of GCL and makes an appointment for the next day to have them installed on the truck. Bravo tells Cox about the rims. Cox is against getting them so tells Bravo to cancel the deal. Is GCL bound on the transaction? Assume RUPA applies.
Brаvо аnd Cоx аre 50/50 оwners of Great Crepe LLP (GCL), a food truck business specializing in crepes. GCL's partnership agreement provides, among other things, that any expenditure by the partnership in excess of $500 requires the unanimous approval of the partners. While having new tires put on her car at a tire shop, Bravo spots a sweet set of rims that she feels would be perfect for the GCL food truck and that are marked down by 40% to $600. Not wanting to miss out on such a great deal, she commits to buy them on behalf of GCL and makes an appointment for the next day to have them installed on the truck. Bravo tells Cox about the rims. Cox is against getting them so tells Bravo to cancel the deal. Is GCL bound on the transaction? Assume RUPA applies.
Brаvо аnd Cоx аre 50/50 оwners of Great Crepe LLP (GCL), a food truck business specializing in crepes. GCL's partnership agreement provides, among other things, that any expenditure by the partnership in excess of $500 requires the unanimous approval of the partners. While having new tires put on her car at a tire shop, Bravo spots a sweet set of rims that she feels would be perfect for the GCL food truck and that are marked down by 40% to $600. Not wanting to miss out on such a great deal, she commits to buy them on behalf of GCL and makes an appointment for the next day to have them installed on the truck. Bravo tells Cox about the rims. Cox is against getting them so tells Bravo to cancel the deal. Is GCL bound on the transaction? Assume RUPA applies.
Brаvо аnd Cоx аre 50/50 оwners of Great Crepe LLP (GCL), a food truck business specializing in crepes. GCL's partnership agreement provides, among other things, that any expenditure by the partnership in excess of $500 requires the unanimous approval of the partners. While having new tires put on her car at a tire shop, Bravo spots a sweet set of rims that she feels would be perfect for the GCL food truck and that are marked down by 40% to $600. Not wanting to miss out on such a great deal, she commits to buy them on behalf of GCL and makes an appointment for the next day to have them installed on the truck. Bravo tells Cox about the rims. Cox is against getting them so tells Bravo to cancel the deal. Is GCL bound on the transaction? Assume RUPA applies.
Brаvо аnd Cоx аre 50/50 оwners of Great Crepe LLP (GCL), a food truck business specializing in crepes. GCL's partnership agreement provides, among other things, that any expenditure by the partnership in excess of $500 requires the unanimous approval of the partners. While having new tires put on her car at a tire shop, Bravo spots a sweet set of rims that she feels would be perfect for the GCL food truck and that are marked down by 40% to $600. Not wanting to miss out on such a great deal, she commits to buy them on behalf of GCL and makes an appointment for the next day to have them installed on the truck. Bravo tells Cox about the rims. Cox is against getting them so tells Bravo to cancel the deal. Is GCL bound on the transaction? Assume RUPA applies.
Brаvо аnd Cоx аre 50/50 оwners of Great Crepe LLP (GCL), a food truck business specializing in crepes. GCL's partnership agreement provides, among other things, that any expenditure by the partnership in excess of $500 requires the unanimous approval of the partners. While having new tires put on her car at a tire shop, Bravo spots a sweet set of rims that she feels would be perfect for the GCL food truck and that are marked down by 40% to $600. Not wanting to miss out on such a great deal, she commits to buy them on behalf of GCL and makes an appointment for the next day to have them installed on the truck. Bravo tells Cox about the rims. Cox is against getting them so tells Bravo to cancel the deal. Is GCL bound on the transaction? Assume RUPA applies.
Brаvо аnd Cоx аre 50/50 оwners of Great Crepe LLP (GCL), a food truck business specializing in crepes. GCL's partnership agreement provides, among other things, that any expenditure by the partnership in excess of $500 requires the unanimous approval of the partners. While having new tires put on her car at a tire shop, Bravo spots a sweet set of rims that she feels would be perfect for the GCL food truck and that are marked down by 40% to $600. Not wanting to miss out on such a great deal, she commits to buy them on behalf of GCL and makes an appointment for the next day to have them installed on the truck. Bravo tells Cox about the rims. Cox is against getting them so tells Bravo to cancel the deal. Is GCL bound on the transaction? Assume RUPA applies.