The Apparent Authority of a Partner to Bind the Partnership

question 38

Multiple Choice

The apparent authority of a partner to bind the partnership in dealing with third parties:

• A)would permit a partner to submit a claim against the partnership to arbitration.
• B)must be derived from the express powers and purposes contained in the partnership agreement.
• C)will be effectively limited by a formal resolution of the partners of which third parties are aware.
• D)will be effectively limited by a formal resolution of the partners of which third parties are unaware.

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Definitions:

Attachment

The emotional bond that forms between individuals, or between individuals and objects, influencing their behavior and relationships.

Avatar

A graphical representation of a user or the user's character or persona within a digital platform.

Virtual Representative

A digital or animated human-like figure used to guide, assist, or represent a company or brand in online environments.

Symbolic Fantasy

The use of imagery and fantasy to create symbolic meanings, often used in marketing to help consumers associate products with personal aspirations or dreams.