A partner will not bind the partnership to an outside purchase contract when the
A) the item purchased is considered immaterial in amount
B) item purchased is not within the normal scope of the business
C) partner was not authorized by the other partners to make the purchase
D) partner who made the purchase withdraws from the partnership
Correct Answer:
Verified
Q56: If liquidation of a partnership results in
Q57: In a liquidation,partners are given back the
Q62: Which of the following does not result
Q63: The most appropriate place to look for
Q63: Which of the following is not a
Q66: In a partnership gain or Loss from
Q67: Claim to the partners' personal assets by
Q68: Which of the following partnership characteristics is
Q119: Joint ventures
A)have become outmoded
B)are a form of
Q120: In a limited partnership
A)the general partners have
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