Where a Partner Acts Without Either Actual or Apparent Authority,the

question 42

Multiple Choice

Where a partner acts without either actual or apparent authority,the partnership:

• A) cannot be bound.
• B) is bound only if it ratifies the act.
• C) is bound only if the third person did not know the partner was acting on behalf of the partnership.
• D) is bound under all circumstances,since the partner is an agent of the partnership.

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Definitions:

Highest Status

Highest status refers to the position of greatest importance, ranking, or acclaim within a hierarchy or society.

Generativity

The concern for establishing and guiding the next generation, often expressed through parenting, teaching, or mentorship.

Mental Health

A state of well-being where an individual realizes their abilities, can cope with the normal stresses of life, work productively, and contribute to their community.

Life Satisfaction

A measure of well-being and contentment with one’s life, reflecting how individuals evaluate their life as a whole rather than their current feelings.