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 the above.

Question

Quizplus · Accepted Answer

A partner with implied authority has the power to perform all actions necessary for the normal operation of the business, which includes hiring/firing employees, purchasing property, receiving performance of obligations, and bringing legal actions. Therefore, all options listed are correct.

A Partner Has Implied Authority To