The Principle Whereby Each Partner Is Responsible for the Business

question 3

Multiple Choice

The principle whereby each partner is responsible for the business actions of all other partners when the actions are carried out in the normal course of business, is known as:

• A)the rule in Garner versus Murray.
• B)unlimited liability.
• C)mutual agency.
• D)perpetual life.

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Definitions:

Citation

A reference to a legal authority, such as a case, statute, or law review article, used to support legal arguments.

Paragraph

A distinct section of writing typically dealing with a single theme, marked by a new line and indentation.

Topic Sentence

A sentence that summarizes the main idea of a paragraph or section, often found at the beginning to provide a clear focus.

Coherence

The logical and orderly presentation of ideas in a text or speech, which enhances understandability and flow.