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QUESTION 23 In a partnership, mutual agency means each partner acts on his own behalf when engaging in partnership business. the act of any partner

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QUESTION 23 In a partnership, mutual agency means each partner acts on his own behalf when engaging in partnership business. the act of any partner is binding on no one else. an act by a partner is judged as binding on other partners depending on whether the act appears to be appropriate for the partnership that partners must pay taxes on a mutual or combined basis. QUESTION 20 A general partner in a partnership has unlimited liability for all partnership debts. is always the general manager of the firm. is the partner who lacks a specialization. is liable for partnership liabilities only to the extent of that partner's capital equity

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