Multiple Choice
Which of the following is false regarding the implied authority of partners?
A) Partners generally have less authority than typical agents.
B) The implied authority of partners is usually determined by the nature of the business.
C) Implied authority permits partners to enter into agreements necessary to carry on partnership business.
D) A partner has the authority to purchase goods necessary to perpetuate the business.
E) A partner does not have implied authority to sell partnership property without the consent of all other partners.
Correct Answer:

Verified
Correct Answer:
Verified
Q45: Which of the following does the duty
Q46: Joint and several liability means that partners
Q47: Set forth and describe the three property
Q48: Which of the following is correct regarding
Q50: For which of the following is false
Q51: Which of the following is the proper
Q52: Tonya and Maurice form a partnership to
Q53: Which of the following was in Leoff
Q54: When the articles of partnership do not
Q83: Describe the liability,if any,of incoming partners.