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Huntertige Huntertige
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2 years ago
Which one of the following statements is correct with respect to the law of partnership?

▸ Every partner is responsible for every contract entered into by the partnership.

▸ Partners cannot bind their partners in contract without specific written authority.

▸ A partner is responsible for contracts with third parties entered into by the partners only where it has been clearly stated by the partner to the third parties that he is entering the contract on behalf of the partnership.

▸ Partners are responsible for any contracts entered into by the partners related to the partnership business.

▸ Partners are only responsible for contracts entered into by the partnership if the third party knew that the person it was dealing with was a partner in the partnership.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
Author:
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Huntertige Author
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2 years ago
Helped a lot
rudy.zondo
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Yesterday
Smart ... Thanks!
Ivansitospeed@g
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2 hours ago
Thanks for your help!!
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