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Sagot :
The contracts concluded by John and William respectively would not be binding on them because there was no prior knowledge from the other partners as it exceeded the amount and William is not entitle to sign any contract.
What is a partnership agreement between two companies?
A business partnership agreement is known to be a kind of legal document that exist when two or more business partners engage in a business structure.
Here, the responsibilities of the business is shared by each partner, and also capital contribution, partnership property, is shared with them.
Learn more about contracts from
https://brainly.com/question/984979
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