QuestionJuly 15, 2025

The characteristic of a partnership that gives the authority to any partner to legally bind the partnership and all other partners to business contracts is called a. mutual agency b. unlimited liability c. dissolution d. case of formation

The characteristic of a partnership that gives the authority to any partner to legally bind the partnership and all other partners to business contracts is called a. mutual agency b. unlimited liability c. dissolution d. case of formation
The characteristic of a partnership that gives the authority to any partner to legally bind the partnership and
all other partners to business contracts is called
a. mutual agency
b. unlimited liability
c. dissolution
d. case of formation

Solution
4.1(173 votes)

Answer

a. mutual agency Explanation 1. Identify the characteristic The characteristic that allows any partner to legally bind the partnership and all other partners to business contracts is known as mutual agency.

Explanation

1. Identify the characteristic<br /> The characteristic that allows any partner to legally bind the partnership and all other partners to business contracts is known as mutual agency.
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