menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Dynamic Business Law
  4. Exam
    Exam 36: Partnerships: Nature, Formation, and Operation
  5. Question
    If a Partner Has Authority to Act and the Partnership
Solved

If a Partner Has Authority to Act and the Partnership

Question 36

Question 36

True/False

If a partner has authority to act and the partnership is bound by the act,each partner has unlimited personal liability for the obligation.

Correct Answer:

verifed

Verified

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

Related Questions

Q31: If one partner pays an entire judgment

Q32: Which of the following is true regarding

Q33: How many actual people (not persons as

Q34: Partnership by estoppel is not recognized pursuant

Q35: Which of the following is correct regarding

Q37: Which of the following is true regarding

Q38: Which of the following was the result

Q39: Which of the following is correct regarding

Q40: Is Wally entitled to a review of

Q41: Which of the following is an association

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines