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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Followup
Sir the same partnership question which I posted in it was mentioned that In January 20X8 Sam received £10,000 from the partnership’s bank drawn on its overdraft facility. He told the bank that the money was to finance a short-term partnership debt but in fact he used the money to pay for a round-the-world cruise.
Sir here Sam has express authority for borrowing money or does he has implied authority for borrowing money?
Why would he need implied authority when he has express authority?
Don’t be silly!