Law

Ace engages Butler to manage Ace's retail business. Butler has the implied authority to do all of the following, except Purchase inventory for Ace's business. Sell Ace's headquarters and business. Pay Ace's business debts. Hire or discharge Ace's business employees. Which of the following situations will result in apparent authority? 1. A contract made by a former agent with a third party who previously deal with this agent and did not know that the agency expired U. A contract made on behalf of a principal with a third party by sameone claiming to be an agent, but completely unknown to the principal. iil A contract made by an agent with express authority which flows from that authority I only. I and 11. I and III. I, II and III. Which of the following would require a dissolution of a general partnership? 1. One partner leaves the partnership despite having one year left in his partnership agreement 11. The partnership is at-will and two of the three partners decide to leave III. A partner is asked to leave the partnership despite having two years left in her partnershup agreement I and II I, II and III II and III None of these circumstances would require a dissolution