ohn and Lisa form a partnership to operate a restaurant. Lisa signs a two-year lease on a space for the restaurant without consulting John. Under the legal concept of , John and the partnership are responsible for this lease, although it was only signed by Lisa.

General Partnership

Explanation:

The legal concept of General Partnership obliges two or more signing partners -Lisa and John in this case- to share all assets, all liabilities, and to be responsible for all matters related to the business, regardless of who signs a contract, or contracts new debt, or acquires a new asset, and so on.

So under this legal concept, even if John did not sign the lease, he is still legally responsible for it.

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explanation: