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 with implied authority can do all of these actions. Implied authority refers to the power given to a partner without explicit agreement, but rather inferred from the nature of the partnership and the partner's role in it. These actions are usually considered necessary for the smooth operation of the partnership.

A Partner Has Implied Authority To