Which of the Following Is True About Eliminating Partners' Apparent

question 33

Multiple Choice

Which of the following is true about eliminating partners' apparent authority?

• A)Eliminating apparent authority is not a safe practice during winding up.
• B)Apparent authority cannot be eliminated by merely informing the existing business clients.
• C)Filing a Statement of Dissolution will increase the partners' apparent authority.
• D)The partnership should post notice of the dissolution at its place of business to let third parties know.

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Definitions:

Play Down Differences

The act of minimizing or understating the importance of disparities or variations among people or situations.

Accommodation

The process of adjusting one's behavior or thinking to align with others' expectations or to cope with new information.

Conflict Management Strategy

An approach for handling disputes and disagreements in an effective manner to find a resolution.

Opposition

Groups or individuals expressing resistance or dissent against prevailing ideas, policies, or leadership, often in a political context.