Multiple Choice
Mark and James established a partnership to deal in textiles. Both of them contributed equal capital to the partnership. Which of the following is true?
A) Mark and James have the right to participate in the management of the partnership
B) Mark can be held liable for James committing robbery.
C) Neither Mark nor James has the authority to bind the partnership without the signature of the other.
D) Neither Mark nor James has the authority to endorse checks without the signature of the other.
Correct Answer:
Verified
Correct Answer:
Verified
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Q12: In a case of a false impression
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Q17: A partner who commits a tort has
Q18: Which of the following should be contained
Q19: Every partner has the duty to abide
Q20: When a partner makes an honest mistake