The characteristic of a partnership that gives the authority to any partner to legally bind the partnership
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Question:
The characteristic of a partnership that gives the authority to any partner to legally bind the partnership and all other partners to business contracts is called:
a. unlimited liability
b. ease of formation
c. mutual agency
d. dissolution
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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