X is a supplier of premium coffee beans. B approached X to buy 100 kilos of the premium coffee beans. B informed X that the Coffee-is-Hot Partnership will be paying him at the end of the month. Because the partnership was very famous, X delivered the 100 kilos. Later on, X discovered that B was not a partner of the Coffee-is-Hot Partnership. What reason may X assert against the Coffee-is-Hot partnership to claim the payment for the premium coffee beans?   X must go against B because B is the debtor of X. None of the above X is not required to investigate if B was truly a partner of the Coffee-is-Hot Partnership. X cannot claim from the partnership because B is not a partner.

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 32P
icon
Related questions
Question
X is a supplier of premium coffee beans. B approached X to buy 100 kilos of the premium coffee beans. B informed X that the Coffee-is-Hot Partnership will be paying him at the end of the month. Because the partnership was very famous, X delivered the 100 kilos. Later on, X discovered that B was not a partner of the Coffee-is-Hot Partnership. What reason may X assert against the Coffee-is-Hot partnership to claim the payment for the premium coffee beans?
 
X must go against B because B is the debtor of X.
None of the above
X is not required to investigate if B was truly a partner of the Coffee-is-Hot Partnership.
X cannot claim from the partnership because B is not a partner.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Partners and Partnerships
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
SWFT Comprehensive Volume 2019
SWFT Comprehensive Volume 2019
Accounting
ISBN:
9780357233306
Author:
Maloney
Publisher:
Cengage
SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
Accounting
ISBN:
9780357391723
Author:
Maloney
Publisher:
Cengage
SWFT Individual Income Taxes
SWFT Individual Income Taxes
Accounting
ISBN:
9780357391365
Author:
YOUNG
Publisher:
Cengage
CONCEPTS IN FED.TAX., 2020-W/ACCESS
CONCEPTS IN FED.TAX., 2020-W/ACCESS
Accounting
ISBN:
9780357110362
Author:
Murphy
Publisher:
CENGAGE L
SWFT Corp Partner Estates Trusts
SWFT Corp Partner Estates Trusts
Accounting
ISBN:
9780357161548
Author:
Raabe
Publisher:
Cengage
SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
Accounting
ISBN:
9780357391266
Author:
Nellen
Publisher:
Cengage