Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Section 26 of the Partnership Act 1895 (WA) provides that the acts of every partner shall bind their partners where: A. The third-partydid not believethat

Section 26 of thePartnership Act 1895(WA) provides that the acts of every partner shall bind their partners where:

A.

The third-partydid not believethat the partner making the contract had authority to do so.

B.

The act is within actual authority but notin theusual wayof the business.

C.

The third-partyknewthat the partner had no such authority to act.

D.

The act is within actual authority and within the scope of thekindof business usually carried out by the firm.

dvantages of the sole trader business structure include:

I.Total ownership and management control

II.Difficult to sell or transfer interest

III.Simple to establish

IV.Receive all the profits

V.Difficult to raise capital

A.

I, IV and V

B.

II, III, IV and V

C.

I, II, III and IV

D.

I, III and IV

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Law Of Torts

Authors: Joseph W. Glannon

6th Edition

1543807690, 978-1543807691

More Books

Students also viewed these Law questions