Multiple Choice
If a partner acts as an agent for the partnership, the resulting contract:
A) Would not be binding on the other partners.
B) Would not be enforceable by law.
C) Cannot be avoided by the other partners.
D) Is void unless the other partners ratify it
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
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
Q5: Zen Products, a lumber wholesaler, operates in
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