The actions of one partner are binding on all of the other partners.This characteristic is called:
A) mutual agency.
B) exclusive agency.
C) unlimited life.
D) limited liability.
Correct Answer:
Verified
Q4: A partnership cannot be formed with an
Q4: All assets held by a partnership are:
A)
Q5: Which of the following is not generally
Q6: A general partner is:
A)personally liable for all
Q8: Since all partners are bound together in
Q8: The partnership dissolves when a partner leaves.This
Q9: Nathan Long is entering into a partnership
Q10: Which of the following is true of
Q18: The accounting procedures are the same for
Q20: In comparison with the proprietorship form of
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