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Svetach [21]
3 years ago
13

Sarah smith works as a laser technician for a local dermatology center consisting of physicians operating under a partnership ag

reement. sarah purchased supplies through the mail from a medical supply facility totaling $5,000. she signed the contract agreeing to pay for the supplies in her name, sarah smith. a few weeks later the dermatologists became embroiled in a bitter dispute regarding profits and terminated the partnership. unfortunately, the partners were not aware of the debt owed to the medical supply facility; and the bill remained unpaid. sarah received a bill from the supply company for $5,000. is she liable to the medical supply company, and why or why not?
Business
1 answer:
ser-zykov [4K]3 years ago
6 0

Answer:

Yes, Sarah is liable for the $5,000 bill since she ordered the supplies and signed the contract using her own name.

She is responsible for the money owed to the medical supply facility, but if this purchase practice was common and happened before, she can also demand that the former partners pay her back.

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It is true that the general increase in prices over time we pay for goods and services is known as inflation.

<h3>What is inflation?</h3>

Inflation is the term used to describe an increase in the price of goods and services that households buy. It is determined by how quickly these prices fluctuate. Prices frequently rise with time, but they can also fall (a situation called deflation).

The main categories of inflation are as follows:

Demand-pull inflation: It explains how rising prices for products and services can result from increased demand. People will typically pay more for something if there is a shortage of it.

Cost-push inflation:  When demand-pull inflation is active, it frequently starts up. Businesses must raise their pricing as a result of rising raw material costs, regardless of market demand.

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kenny6666 [7]

The statement in the question is True.

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