Since all partners are bound together in the agreement and each act on the behalf of the partnership, ________ has been established.
A) limited life
B) limited risk
C) mutual agency
D) unlimited liability

Question

Quizplus · Accepted Answer

Mutual agency is established in a partnership because each partner acts as an agent for the partnership and can make decisions that bind the entire partnership.

Since All Partners Are Bound Together in the Agreement and Each