Legal Cases: Partnership Agreement And Consumer Protection Essay.

Case Study 1Lance is a partner in the herbal product partnership business. All the three partners have come to an agreement to purchase a car for the business and Lance was instructed not to spend on the purchase beyond $ 20000. Lance purchases a car from the seller Lynton, who was selling the Ute car for the company Mighty Motors Pty Limited. The car which was bought by Lance amounted to $ 25000 which was beyond the amount as agreed upon by t…