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Upton Was Surprised to Find His Partner Had Signed an Agreement

Question 29

Multiple Choice

Upton was surprised to find his partner had signed an agreement to sell product to a customer at below cost. He tried to cancel the contract but found out that


A) partners have legal power of attorney to do as they please.
B) each partner is in essence a sole proprietor.
C) partners are seldom trustworthy.
D) any partner can legally bind the company without the consent of any other partner.

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