Don is a partner of the firm Shaw Associates,which offers recruitment services.Don entered into a contract with Bradman & Sons to sell the land on which the partnership business is situated for $85,000.Is this contract enforceable?
A) Yes,because Don has apparent authority to enter into contract with Bradman & Sons.
B) No,because Don has only express authority not actual authority.
C) Yes,because Don,being a partner,has implied authority to enter into contract.
D) No,because Don does not have the power to convey the partnership's real property.
Correct Answer:
Verified
Q50: Which of the following is NOT true
Q51: Together,express and implied authority constitute _.
A)fixed authority
B)actual
Q52: _ authority exists because it seems reasonable
Q53: Stella,Bob,and Chris are the partners of Sole
Q54: In a partnership,partners may give everyone notice
Q56: Vernon and Josh are partners of an
Q57: A trading partnership:
A)borrows money to avoid cash
Q58: What document gives authority to a managing
Q59: Which of the following decisions must be
Q60: How many partners must agree to modify
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