Mark and James Established a Partnership to Deal in Textiles

question 16

Multiple Choice

Mark and James established a partnership to deal in textiles. Both of them contributed equal capital to the partnership. Which of the following is true?

• A)Mark and James have the right to participate in the management of the partnership
• B)Mark can be held liable for James committing robbery.
• C)Neither Mark nor James has the authority to bind the partnership without the signature of the other.
• D)Neither Mark nor James has the authority to endorse checks without the signature of the other.

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