Question: A partnership characteristic which authorizes a partner to act for the partnership and to enter contract binding upon it, provided these are within his

A partnership characteristic which authorizes a partner to act for the partnership and to enter contract

A partnership characteristic which authorizes a partner to act for the partnership and to enter contract binding upon it, provided these are within his express or implied authority. O Mutual Agency O Co-ownership of Profit O Co-ownership of Property O Voluntary Association

Step by Step Solution

★★★★★

3.41 Rating (148 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the above question is provided below The image you sent shows the partnershi... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

A single force with x-component F x acts on a 2.0 kg object as it moves along the x-axis. The objects acceleration graph (a x versus t) is shown in Figure P5.30. Draw a graph of F x versus t. a,...

Suppose a company purchased $1,200 of Supplies with cash but in error debited Equipment for $1,200. What is the entry required to reverse the original entry and then create the correct journal entry...

RNR is a Florida limited partnership formed * * * to purchase vacant land in Destin, Florida, and to construct a house on the land for resale. Bernard Roeger was RNRs general partner and Heinz Rapp,...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

A shipment of computers arrived at a freight-moving facility and was moved to a trailer. At night, employees in the warehouse at the facility heard suspicious noises outside and called the police....

1 1. Which of the following statements is false? To bring a legal action in the U.S. against an employer for intentional discrimination based on the Civil Rights Act, the employee must demonstrate...

1 1. Which of the following is a FALSE statement? A. The entrepreneur whose business does not commence due to another party's breach of contract can sue and recover for lost profits if the...

QUESTION 1 Which of the following is a true statement? A.Offensive speech is generally considered to be unprotected speech. B.Commercial speech generally is not protected by the Constitution since it...

Discuss the key elements IN DETAIL of the following contract and your understanding of the clauses in the contract in about. It should clearly address how and why you think the contract is legally...

51. The seller sold a parcel of land to the buyer. Subsequently, another person files an action for the recovery of possession claiming that he is the owner of the land. At the instance of the buyer,...

A full house is a five-card poker hand in which three of the values match each other and the other two values match each other (but not the first three) as well. An example: 5 50 50 AO A. The order...

The band gap in aluminum phosphide (AlP) is 2.5 electron-volts (1 eV = 1.6 1019 J). What wavelength of light is emitted by an AlP diode?

Find any critical rumbers for f and then use the second derivative test to decide whether the critical number ( s ) lead to relative maxima or relative minima. If f ' ' ( c ) = 0 or f ' ' ( c ) does...

An article in the Journal of Composite Materials (December 1989, Vol 23, p. 1200) describes the effect of delamination on the natural frequency of beams made from composite laminates. Five such...

Another alternative refrigerant (see preceding problem) is 1,1,1,2- tetrafluoroethane (refrigerant HFC-134a). Tillner-Roth and Baehr published a compendium of thermo physical properties of this...

Elevator Design you are designing an elevator for a hospital. The force exerted on a passenger by the floor of the elevator is not to exceed 1.60 times the passenger's weight. The elevator...

A 64-mm-diameter circular follower B is held against cam A as shown. Knowing that the cam exerts on the follower a force of magnitude 80 N directed along the common normal BC, determine the moment of...

Inside a starship at rest on the earth, a ball rolls off the top of a horizontal table and lands a distance D from the foot of the table. This starship now lands on the unexplored Planet X. The...

The approach basically uses a list of questions to review potential projects and to determine their acceptance or rejection.

. Identify and define the non-bankruptcy compromises between debtors and creditors.

Plaintiff entered into a lease agreement (lease) with defendant T-Bar S Corporation (T-Bar) in May of 1992, whereby plaintiff agreed to lease certain cash register equipment (equipment) to T-Bar....

List and distinguish among the three types of jurisdiction over the parties.

Elegance shampoo has a suggested retail price of $4.49 for its 500 ml bottle. The manufacturer of the shampoo wants to increase the unit retail price by 10% at the same time that it reduces the...

After Island Farms increased the container size for its premium ice cream from 1.65 L to 2.2 L, the retail price increased from $5.49 to $7.98. What was the percent change in the unit price?

The manufacturer of Caramalt chocolate bars wants to implement a 7.5% increase in the unit retail price along with a reduction in the bar size from 100 g to 80 g. If the current retail price of a...