Solved

Which of the Following Is True About Implied Authority

Question 58

Multiple Choice

Which of the following is true about implied authority?


A) It is the sole determinant of a partner's actual authority.
B) It is determined with reference to what is usual business for partnerships of the same general type.
C) It exists because it reasonably appears to a third party that a partner has authority to do an act.
D) It may contradict a partner's express authority.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions