The characteristic of partnerships that states that every partner can bind the business to a contract within the scope of the partnership's regular business operations is called:

Question

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Mutual agency is the characteristic of partnerships that allows every partner to act as an agent of the partnership and bind the partnership to a contract within the scope of the partnership's regular business operations. This means that each partner can make business decisions and enter into agreements on behalf of the partnership, as long as it falls within the partnership's normal course of business. It is an essential aspect of partnership agreements and helps ensure that partners can conduct business operations without the need for constant consultation or consent from other partners.

The Characteristic of Partnerships That States That Every Partner Can