Multiple Choice
Which of the following is true about eliminating partners' apparent authority?
A) Eliminating the apparent authority is not a safe practice during winding up.
B) Apparent authority cannot be eliminated by merely informing the existing business clients.
C) Filing a Statement of Dissolution will increase the partners' apparent authority.
D) The partnership should post notice of the dissolution at its place of business to let third parties know.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Xavier,Yellie,and Zelda are partners of Koral Associates.The
Q14: Carlita retires from Mortex Associates,a partnership.The business
Q20: Termination occurs after all partnership assets have
Q31: Which of the following is an apparent
Q36: Abraham,who is a partner in Adona's firm,has
Q37: A new partner to a LLP is
Q48: Leonard,Ted,and Julius are partners at Jutle Associates.They
Q64: Only the dissociations listed in the RUPA
Q72: Discuss a partner's authority to borrow money
Q81: Amos,Beverly,Carlos,and Dan were partners in a partnership