The apparent authority of a partner to bind the partnership in dealing with third parties

The apparent authority of a partner to bind the partnership in dealing with third parties




a. Will be effectively limited by a formal resolution of the partners of which third parties are aware.
b. Will be effectively limited by a formal resolution of the partners of which third parties are unaware.
c. Would permit a partner to submit a claim against the partnership to arbitration.
d. Must be derived from the express powers and purposes contained in the partnership agreement.


Answer: a


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