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A disadvantage of a partnership is mutual agency which means: a.each partner has the right to enter into contracts on behalf of the partnership. b.each
A disadvantage of a partnership is "mutual agency" which means:
a.each partner has the right to enter into contracts on behalf of the partnership.
b.each partner must contribute the same capital to the partnership.
c.only the partner with the highest cash contribution has the right to enter into contracts on behalf of the partnership.
d.profits will not be shared equally among the partners.
e.each partner has limited liability for the debts incurred on a contract entered into by any other partner.
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