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Which of the Following Is True Regarding the Implied Authority

Question 60

Multiple Choice

Which of the following is true regarding the implied authority of partners?


A) Partners generally have greater implied authority than typical agents.
B) The implied authority of partners is usually determined by the nature of the business.
C) A partner does not have implied authority to sell any partnership property without the consent of all other partners.
D) Partners generally have greater implied authority than typical agents, the implied authority of partners is usually determined by the nature of the business, and a partner does not have implied authority to sell any partnership property without the consent of all other partners.
E) The implied authority of partners is usually determined by the nature of the business, and a partner does not have implied authority to sell any partnership property without the consent of all other partners, but partners have less authority than typical agents.

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