The Oak Grove Partnership decided it would buy personal computers for use by each partner. Cromwell, a partner, had an ownership interest in a computer store. He thought he could get the computers for the partnership at the best price because of his inside position, and he told his partners at Oak Grove about his position. He did obtain eight computers for $150 over manufacturer's price, which
was $250 less per computer than the next lowest bid. What consequence?
A) There was a sale, but no profit to the computer store.
B) There was a sale, but the computer store would only receive a percentage of the profit equal to Cromwell's ownership interest in the store and the partnership would receive the balance.
C) There was a sale, and the computer store would receive the profit of $150 per computer.
D) There would be no sale, because Cromwell had an interest in both businesses.
C
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