Which of the Following Is True Regarding the Implied Authority

question 68

Multiple Choice

Which of the following is true regarding the implied authority of partners?

• A) Partners generally have greater implied authority than typical agents.
• B) The implied authority of partners is usually determined by the nature of the business.
• C) A partner does not have implied authority to sell any partnership property without the consent of all other partners.
• D) Partners generally have greater implied authority than typical agents, the implied authority of partners is usually determined by the nature of the business, and a partner does not have implied authority to sell any partnership property without the consent of all other partners.
• E) The implied authority of partners is usually determined by the nature of the business, and a partner does not have implied authority to sell any partnership property without the consent of all other partners, but partners have less authority than typical agents.

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Definitions:

Paid Annual Vacation

An employment benefit that offers employees a certain period of paid leave from work each year for rest, recreation, or personal purposes.

Leisure Activities

Recreational actions or pursuits undertaken by individuals in their free time for enjoyment.

European Union

A political and economic union of 27 member states that are located primarily in Europe, which operates through a system of supranational institutions and intergovernmental negotiated decisions.

Weeks Of Vacation

Relates to the amount of time allocated for rest, travel, or leisure activities away from work or daily routines.