Which of the Following Is NOT True About the Management

question 56

Multiple Choice

Which of the following is NOT true about the management powers of partners?

• A)A partner whose name is not on the signature card filed with the bank does not have apparent authority to issue checks.
• B)A partner's knowledge of material information relating to partnership affairs is imputed to the partnership.
• C)A partner has implied and apparent authority to indorse and cash checks drawn payable to the order of the partnership.
• D)A partner who has the authority to borrow money also has authority to issue negotiable instruments.

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Definitions:

Deserts

Arid regions with extremely low rainfall, characterized by scarce vegetation and diverse adaptations among the organisms that inhabit them.

Savannas

Grassland ecosystems with scattered trees, found in regions that receive a moderate amount of annual rainfall, typically bordering deserts or tropical rainforests.

Convergent Evolution

The process whereby organisms not closely related independently evolve similar traits as a result of having to adapt to similar environments or ecological niches.

Coevolved Traits

Traits in different species that have evolved mutually through the process of biological interaction, such as predator/prey or parasitic relationships.