The Ability of a Partner to Enter into a Contract

question 92

Multiple Choice

The ability of a partner to enter into a contract on behalf of all partners is called

• A)the partnership agreement
• B)voluntary association
• C)mutual agency
• D)unlimited liability

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Definitions:

Modest Effort

A relatively small or reasonable amount of work or attempt made towards accomplishing a task or achieving a goal.

Implicit Leadership

The concept that leadership qualities are largely based on unconscious beliefs, biases, or assumptions.

Leadership Antiprototype

An individual who embodies the opposite qualities of what is traditionally viewed as effective leadership, often lacking in vision, inspiration, or ethical standards.

Tyranny

A form of government in which a single ruler holds absolute power and often uses it in a cruel or oppressive way.