Agency power is the ability of any partner to legally bind in good faith other partners in a contract or agreement.

Name: Agency power is the ability of any partner to legally bind in good faith other partners in a contract or agreement.
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Question

Quizplus · Accepted Answer

Agency power allows a partner to bind other partners in a contract or agreement. This means that one partner can make decisions that legally bind the entire partnership, as long as they are acting in good faith.

Agency Power Is the Ability of Any Partner to Legally