Multiple Choice
Zen Products, a lumber wholesaler, operates in a state where individual sales are prohibited for wholesalers. If one of the partners sells one sheet of plywood to an individual, the contract is likely to be:
A) Not binding on the firm.
B) Binding on the firm.
C) Enforceable on the selling partner.
D) Enforceable in a court of law.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: If a partner acts as an agent
Q2: Each partner has the duty to inform
Q3: What does a partner's duty to exercise
Q4: Personal creditors of one partner can force
Q6: Which of the following best describes the
Q7: What is the effect of the right
Q8: Explain the nature of partnership liabilities.
Q9: If a partnership agreement does not fix
Q10: In the absence of a statute to
Q11: A written partnership agreement might help avoid