Partners Do Not Have an Implied Authority To

question 8

Multiple Choice

Partners do not have an implied authority to:

• A)Hire employees for the partnership.
• B)Borrow money and charge the partnership assets.
• C)Give a guarantee on behalf of the partnership.
• D)Sell the trading stock of the business.

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Definitions:

Specific Evidence

Detailed and precise data or information that supports an argument or verifies a claim.

Induction

The process of introducing someone to a new job, position, or organization, including training and orientation.

AIDA Plan

A marketing model that outlines the process for achieving successful advertising or sales strategies, standing for Attention, Interest, Desire, and Action.

Benefit Them

To have a positive effect on someone or provide them with an advantage.