Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started