A partner has implied authority to:
A) hire and fire employees necessary for operation of the business.
B) purchase property necessary for the business.
C) receive performance of obligations due the partnership.
D) bring legal actions to enforce claims of the partnership.
E) All of these.

Question

Quizplus · Accepted Answer

A partner has implied authority to perform acts that are necessary to carry on the usual business of the partnership, which includes hiring and firing employees, purchasing property, receiving obligations, and bringing legal actions.

A Partner Has Implied Authority To