Question
Can a partner enter into a written agreement with a supplier for goods without the other partners' signatures on the agreement? Yes, actual authority permits
Can a partner enter into a written agreement with a supplier for goods without the other partners' signatures on the agreement?
Yes, actual authority permits partners to enter into agreements regardless of the subject matter.
Yes, implied authority permits partners to enter into agreements regardless of the subject matter.
Yes, so long as the amount of the agreement is not unreasonable.
No, all partners must be signatories to a written agreement.Yes, implied authority permits partners to enter into agreements necessary to carry on partnership business
Yes, implied authority permits partners to enter into agreements necessary to carry on partnership business.
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