Inherent authority allows the agent to exceed the authority of the principal
A) when good opportunities arise.
B) for that which is reasonably necessary to accomplish the object of the agency.
C) only when specifically granted permission in advance.
D) None of the above.
Correct Answer:
Verified
Q9: On dissolution,a partnership requires
A) partners to share
Q10: Agency can be used in
A) partnerships.
B) corporations.
C)
Q11: Liquidation is the process of
A) reducing assets
Q12: A de jure corporation has made
A) good
Q13: Limited partners must have
A) less than 50
Q15: An agency occurs when one person
A) has
Q16: A business that ends automatically with a
Q17: Sole proprietorships can be
A) sold.
B) inherited.
C) granted
Q18: A sole proprietorship is a business owned
Q19: A bankruptcy filing by a business requires
A)
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