When a Partner Executes an Agreement Outside the Limitations of That

question 20

True/False

When a partner executes an agreement outside the limitations of that partner's agreed scope of power, the other partners are always able to set aside the contract.

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Definitions:

Possessor's Consent

Possessor's Consent refers to the approval given by someone in control of an asset or property for another party to use or access it.

Licensee

An individual or entity that has been granted the right to use, operate under, or engage in activities protected by another's intellectual property rights.

Trespassers

Individuals who enter or remain on a property without the permission or legal right to do so.

Possessor's Consent

Approval legal definied by the owner or holder of property for another party to use or occupy that property.