The partnership will not be liable for contracts created by a partner acting outside the scope of her authority,even when the other partners ratify the unauthorized action.
Correct Answer:
Verified
Q3: Statutory law has been supplanted by the
Q4: Which of the following is an element
Q6: Normally,management of the business of the limited
Q7: Partners no longer have fiduciary duties to
Q7: An individual who joins an existing partnership
Q11: The limited partnership certificate must be canceled
Q12: No express agreement is needed to create
Q14: Partners may agree at any time that
Q16: The significant difference between a joint venture
Q19: A continuing partnership becomes liable for the
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