10.077 A general partner of a mercantile partnership a. Can by virtue of his acts, impose tort liability upon the other partners. b. Has no implied authority if the partnership agreement is contained in a formal and detailed signed writin c. Can have his apparent authority effectively negated by express limitations in the partnership agreement. d. Can not be sued individually for a tort he has committed in carrying on partnership business until the partnership has been sued and a judgment returned unsatisfied. Which of the following is a correct statement concerning a partner's power to bind the partnership? a. A partner has no authority to bind the partnership after dissolution. b. A partner can not bind the partnership based upon apparent authority when the other party to the contrac 10.078 knows that the partner lacks actual authority c. A partner has no authority in carrying on the regular business of the partnership to convey real property held in the partnership name. A partner, acting outside the scope of the partner's apparent authority, but with express authority to act, can not bind the partnership unless the third party knows of the express authority 10.079 In determining the liability of a partnership for the acts of a partner purporting to act for the partnership without the authorization of fellow partners, which of the following actions will bind the partnership? a. The renewal of an existing supply contract whirh the other partners had decided to terminate and which they had specificailly voted against. b. An assignment of their partnership assets in trust for the benefit of creditors. c. A written admission of liability in a lawsuit brought against the partnership d. Signing the partnership name as a surety on a note for the purchase of that partner's summer home. as arisen in determining the partnership's liability for actions taken for and on behalf of a but which were i n fact without express or implied authority. Which of the following actions partnership. t aken by a general partner will bind the partnership? a. Renewin g an existing supply contract which had previously been negotiated, but which the partners had specifically voted not to renew b. Submitting a claim against the partnership to binding a c. Taking an action which was known by the party with whom he dealt to be in contravention of a restrictio on his authority d. Signing the firm name as an accommodation coma ker on a promissory note not in furtherance of firm business. 10.081 Which of the following may a partner not do without the express unanimous assent of the remaining partners a. Assign his entire partnership interest to an outsider b. Dismiss the accounting firm engaged to audit the partnership's accounts. c. Submit a long-standing dispute regarding a partnership claim against a r d. Obtain a short-term loan from the to irn ecalcitrant customer to arbitratic rship's banker to increase the partnership's working capital 10:15 AM 11/25/2017 ^