menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Small Business Management
  4. Exam
    Exam 5: Choosing a Form of Ownership
  5. Question
    Each Partner Is an Agent for the Business and Can
Solved

Each Partner Is an Agent for the Business and Can

Question 62

Question 62

True/False

Each partner is an agent for the business and can legally bind other partners to business agreements.

Correct Answer:

verifed

Verified

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

Related Questions

Q57: The _ is the most complex form

Q58: A distinct disadvantage of the corporate form

Q59: Sole proprietorships characteristically are:<br>A)fairly complex to create.<br>B)subject

Q60: The primary reason entrepreneurs choose to incorporate

Q61: Perhaps the most important feature of a

Q63: Shares the corporation itself owns are called:<br>A)preferred

Q64: One disadvantage of the proprietorship is:<br>A)it is

Q65: Which of the following is true about

Q66: Factors an entrepreneur should consider when choosing

Q67: A corporation formed and chartered in Kansas

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