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Which of the Following Is NOT True About the Management

Question 56

Multiple Choice

Which of the following is NOT true about the management powers of partners?


A) A partner whose name is not on the signature card filed with the bank does not have apparent authority to issue checks.
B) A partner's knowledge of material information relating to partnership affairs is imputed to the partnership.
C) A partner has implied and apparent authority to indorse and cash checks drawn payable to the order of the partnership.
D) A partner who has the authority to borrow money also has authority to issue negotiable instruments.

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