Which of the Following Describes the Relationship of a Partner

question 12

Multiple Choice

Which of the following describes the relationship of a partner to outsiders of the firm?

• A) Partners must act together when dealing with outsiders.
• B) Partners cannot bind one another to contracts with outsiders.
• C) Partners cannot be agents of the firm.
• D) Partners are agents for the firm with the ability to bind the partnership to contracts.

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Definitions:

Unsightly Warts

Unpleasant or unattractive growths on the skin caused by viral infections, typically not harmful but often considered aesthetically displeasing.

Infomercial

A television program that combines information and commercial content to market a product or service.

Sexual Orientation

An inherent or immutable enduring emotional, romantic or sexual attraction to other people.

Social Status

A person's standing or importance in relation to other members of a society, often determined by factors like wealth, occupation, or family lineage.