The characteristic of a partnership that gives the authority to any partner to legally bind the partnership

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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

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Posted Date: Jan 04, 2021 12:05 AM

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The characteristic of a partnership that gives the authority to any partner to legally bind the partnership

Question:

Expert Answer:

The correct answer is c option ie Mutual Agency Explanation In Partnership the partners ar... View the full answer

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