Under mutual agency, which of the following statements is true: a. One partner can commit the partnership

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Under mutual agency, which of the following statements is true:

a. One partner can commit the partnership to any contract within the scope of the partnership’s business

b. All partners have to agree to a contract before a partnership can be held liable for adhering to the contract

c. One partner can commit the partnership to any contract whether it is inside or outside of the ordinary scope of their business operations

d. None of the above are true.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Related Book For  answer-question

Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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