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  3. Study Set
    Accounting for Non Specialists
  4. Exam
    Exam 1: Introduction to Accounting
  5. Question
    The Principle Whereby Each Partner Is Responsible for the Business
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The Principle Whereby Each Partner Is Responsible for the Business

Question 3

Question 3

Multiple Choice

The principle whereby each partner is responsible for the business actions of all other partners when the actions are carried out in the normal course of business, is known as:


A) the rule in Garner versus Murray.
B) unlimited liability.
C) mutual agency.
D) perpetual life.

Correct Answer:

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