A partner in a _____ partnership is one engaged in the business of buying and selling commodities, has the implied authority to borrow money in the usual course of business and to pledge the credit of the firm.
A) trading
B) superior
C) traditional
D) business
E) nontrading

Question

Quizplus · Accepted Answer

A partner in a trading partnership, that is, one engaged in the business of buying and selling commodities, has the implied authority to borrow money in the usual course of business and to pledge the credit of the firm.

A Partner in a _____ Partnership Is One Engaged in the Business