1.What is the legal outcome when one partner exceeds his or her authority and borrows money on behalf of a partnership without the consent of the fellow partners?

a.

The other partners will be liable to the third party because partners are mutual agents.

b.

Non-consenting partners can avoid liability by proving the partner breached the partnership agreement.

c.

The third party can collect the debt, but only from the partner who authorized the debt.

d.

The third party can take collection assets against the partnership assets but not the personal assets of the non-consenting partners.