Solved

A Partner Who Has the Authority to Borrow Money Also

Question 63

Multiple Choice

A partner who has the authority to borrow money also has authority to:


A) issue negotiable instruments.
B) convey a partnership's real property.
C) bind the partnership in transactions occurring outside the ordinary course of business.
D) sell the partnership's assets without consent from other partners.

Correct Answer:

verifed

Verified

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

Related Questions