Which statement is true regarding whether Ryan had actual authority to bind the partnership in regard to his purchases at the office supply store?
A) Ryan had actual authority to bind the partnership because the law firm had not notified anyone at the office supply that he was no longer authorized to make purchases for the law firm.
B) Ryan had actual authority to bind the partnership so long as the purchases were made within seven days of his resignation.
C) Ryan had actual authority to bind the partnership only if he cannot be found within one year of the date the purchases were made.
D) Ryan did not have actual authority to bind the partnership.
E) Ryan had actual authority to bind the partnership so long as the purchases were made within ten days of his resignation.
Correct Answer:
Verified
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