5 . In a general partnership, the law of agency applies, and all partners are agents of...

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5 .

In a general partnership, the law of agency applies, and all partners are agents of the partnership business

(

with the partnership being the principal

) .

1.

Identify and describe the types of authority a partner possesses as an agent of the partnership

(

the principal

)

;

2.

What is the effect of a partner

(

the agent

)

entering into a contract on behalf of the partnership

(

the principal

) ?

3.

What affect does a partners dissociation from the partnership have on the dissociating partners authority with respect to the partnership?

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: May 09, 2024 01:57 PM

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5 . In a general partnership, the law of agency applies, and all partners are agents of...

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1As an agent of the partnership a partner possesses three types of authority Actual Authority This i... View the full answer

Smith and Roberson Business Law

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