Belinda and Franco are partners in a jewelry business. Without Franco's knowledge, Belinda buys a ring from Janice for $2,200 . Janice has no reason to question the transaction since she is a regular customer of the store and assumes Belinda has authority to buy her ring. When Franco finds out he is furious and does not want to honor the agreement. Which of the following is TRUE?
a. Belinda acted with absolute authority and the partnership must honor the transaction.
b. Belinda acted with actual authority and the partnership must honor the transaction.
c. Belinda acted with implied authority and the partnership must honor the transaction.
d. Belinda acted with apparent authority and the partnership must honor the transaction.
d
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