The____________ can be filed by a partnership to give notice of the authority, or lack of authority, of certain partners.

Question

Quizplus · Accepted Answer

The "statement of authority" is the document a partnership can file to officially record the extent of authority, or lack thereof, that certain partners have to bind the partnership in dealings with third parties. This helps in clarifying to others outside the partnership who has the power to enter into contracts and make decisions on behalf of the partnership.

The____________ Can Be Filed by a Partnership to Give Notice