The Implied Authority of Each Partner to Bind the Other

question 3

Multiple Choice

The implied authority of each partner to bind the other partners in the partnership does not include authority to:

• A)hire employees.
• B)buy and sell trading stock.
• C)give a guarantee on behalf of the partnership.
• D)write cheques on behalf of the partnership.

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Definitions:

Tunica Media

Middle, usually muscular, coat of an artery or another tubular structure.

Capillary Beds

Networks of capillaries, the smallest blood vessels, that facilitate the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and tissues.

Precapillary Sphincters

Circular muscular valves located at the entrance of capillary beds, controlling blood flow into those beds.

Thoroughfare Channels

In traditional Chinese medicine, energy pathways that allow Qi and blood to circulate throughout the body, connecting different organs and bodily functions.