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Followup

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Followup

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • January 7, 2018 at 4:09 pm #427577
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    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?

    January 7, 2018 at 6:43 pm #427598
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Why would he need implied authority when he has express authority?

    Don’t be silly!

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Followup’ is closed to new replies.

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