X and Y Are Partners

question 25

Multiple Choice

X and Y are partners.Z is a third party who deals with Y.X will not be liable for an act by Y done in the usual way of business of the kind carried on by the partnership if:

• A)Y has no express authority to act for the partnership in the particular matter and Z is aware of Y's lack of authority.
• B)Z knows that Y has authority.
• C)Z believes X to be a partner.
• D)Z knows that Y is a partner.

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Definitions:

Mischel

A psychologist known for his work on personality theory and cognitive-affective systems, suggesting that behavior is influenced more by situational factors than by innate traits.

Nomothetic Goals

Refers to the objectives or aims that can be applied universally, emphasizing general laws and traits that can be studied across individuals.

Achievement

Accomplishment or success obtained by effort or skill.