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Actual Authority of Partners to Enter Contracts on Behalf of the Partnership

Question 14

Multiple Choice

Actual authority of partners to enter contracts on behalf of the partnership:


A) means that authority is implied because the conduct of the parties have reasonably led third persons to believe that such authority exists.
B) means that other partners have approved the contract.
C) always exists for all partners.
D) All of the above
E) None of the above

Correct Answer:

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