Which of the Following Is False Regarding the Implied Authority

question 49

Multiple Choice

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

• A) Partners generally have less authority than typical agents.
• B) The implied authority of partners is usually determined by the nature of the business.
• C) Implied authority permits partners to enter into agreements necessary to carry on partnership business.
• D) A partner has the authority to purchase goods necessary to perpetuate the business.
• E) A partner does not have implied authority to sell partnership property without the consent of all other partners.

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Definitions:

Narcotics

Drugs that relieve pain and often induce sleep, potentially leading to dependency or abuse; also known as opioids.

Felony

A serious crime, typically one involving violence, and is more severe than a misdemeanor, leading to higher punishment.

Misdemeanor

A type of criminal offense that is less serious than a felony, usually punishable by a fine, probation, or short-term incarceration.

Mandatory Reporting Law

Laws requiring certain professionals to report cases of abuse, neglect, or other harm to appropriate authorities.