Response to the following problem:
Kent and Davis are partners in operating a store. Without consulting Kent, Davis enters into a contract to purchase merchandise for the store. Kent contends that he did not authorize the order and refuses to pay for it. The vendor sues the partners for the contract price of the merchandise.
(a) Must the partnership pay for the merchandise? Why?
(b) Does your answer differ if Kent and Davis are partners in a public accounting firm? Explain.