Question
5. Carl, a partner in Doctors and Nurses Clinic, applies for a loan with Evertt Bank allegedly on the firm's behalf but without the authorization
5. Carl, a partner in Doctors and Nurses Clinic, applies for a loan with Evertt Bank allegedly on the firm's behalf but without the authorization of the other partners. Evertt knows that Carl is not authorized to take out the loan. If Carl defaults on the loan, liability for its unpaid amount will be imposed on
a. Carl and Doctors, jointly.
b. Carl only.
c. Doctors only.
d. Everett only.
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The Legal Environment of Business Text and Cases
Authors: Frank B. Cross, Roger LeRoy Miller
10th edition
1305967305, 978-1337516051, 1337516058, 978-1305967304
