Which statement is correct regarding a partner's actual authority to bind a partnership once a partnership is dissolved?
A) A partner has no actual authority to bind the partnership after the partnership is dissolved.
B) A partner has actual authority to bind the partnership for 10 days after the partnership is dissolved.
C) A partner has actual authority to bind the partnership for 30 days after the partnership is dissolved.
D) A partner has actual authority to bind the partnership for 45 days after the partnership is dissolved.
E) After a partnership is dissolved, a partner has actual authority to bind the partnership to any third party who has not been given notice of dissolution.
Correct Answer:
Verified
Q35: When a partnership is winding up, which
Q36: Which of the following is not a
Q37: Which of the following is false regarding
Q38: Which of the following is false regarding
Q39: Which statement is true regarding the rights
Q41: To ensure that a dissolving partner does
Q42: [Fishy Fiasco] James agreed to be a
Q43: What must the general and limited partners
Q44: What are the steps, in order, of
Q45: If a limited partnership is dissolved, the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents