Multiple Choice
Chuck, Betty, and Bert form CB&B Partnership to run a specialty grocery store.Bert is the day-to-day manager of the store, Betty buys the groceries, and Chuck does all the administrative work.Betty decides she would like a new car to use when calling on prospective wholesalers.She makes a contract with Big Ben Motors in the name of CB&B without consulting Chuck and Bert.CB&B and the individual partners are:
A) not bound because buying a car is outside the scope of the partnership business.
B) bound by Betty's apparent authority to buy a car.
C) bound by Betty's actual implied authority to buy a car.
D) bound by estoppel.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: A partner is criminally liable for the
Q11: A person,who represents himself to third persons
Q13: Upon dissolution, a partner still has authority
Q14: "Dissolution" of a partnership and "termination" of
Q25: Under the RUPA, a partner in a
Q28: The UPA provides that partners are _
Q29: General Widget's partnership assets amount to $34,000
Q36: If the general partnership is bound by
Q50: The actual express authority of partners must
Q62: The UPA marshaling of assets doctrine is