Actual authority of partners to enter contracts on behalf of the partnership:
a. means that authority is implied because the conduct of the parties have reasonably led third persons to believe that such authority exists.
b. means that other partners have approved the contract.
c. always exists for all partners.
d. All of the above
e. None of the above
b
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The natural law school of jurisprudence suggests that the law is based on what is "correct."
Indicate whether the statement is true or false
A paralegal may not
a. sign a letter containing legal advice b. recommend a course of conduct to a client c. explain a client’s rights or obligations d. interpret a statute for a client e. all of the above
General partners are personally liable for the debts and obligations of the partnership
Indicate whether the statement is true or false
A contract in which the seller gives a potential buyer the exclusive right within a specified, limited time to purchase real property is called ___.
Fill in the blank(s) with the appropriate word(s).