Partners act as agents
A. for third parties when dealing with the partnership.
B. for the partnership only when that authority is expressly given.
C. only to the extent that authority is granted in the partnership agreement.
D. of the partnership and the other partners when dealing with third parties.
D. of the partnership and the other partners when dealing with third parties.
You might also like to view...
Which of the following statements about interests is true?
A. There is only one type of interest in a dispute. B. Interests are often based in more deeply rooted human needs or values. C. Interests do not change during the course of an integrative negotiation. D. Parties are always in agreement about the type of interests at stake.
During May, Claremore sold 500 portable CD players for $50 each. Each CD player cost Claremore $25 to purchase and carried a one-year warranty. If 10 percent typically need to be replaced over the warranty period, what amount should Claremore debit Product Warranty Expense for in May?
a. $2,500 b. $1,250 c. $250 d. $1,000 e. $3,000
An independent contractor cannot represent more than one principal at a time
Indicate whether the statement is true or false
What you say is impacted positively or negatively by how you say it
Indicate whether this statement is true or false.