Will bob be able to void the contract

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Reference no: EM131599975

Bill and Bob opened a restaurant selling home-cooked meals. The business was organized as a partnership with each owning 50 percent of the partnership assets and sharing in profits and losses equally. The partners agreed each would have authority to spend up to $1,500 without consulting with the other partner. The owner of an office products business was a frequent patron of the restaurant. Bill confided in the owner of the office products business and told her the business was looking to buy a new computer system. Bill, without Bob’s knowledge, entered into a contract with the office products business to purchase a computer system for $18,000. When Bob was informed about the contract, he tried to have the contract voided.

Will Bob be able to void the contract? Why?

Reference no: EM131599975

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