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Which of the following statements is true regarding mutual agency for a partnership? Question options: If one partner wants to buy equipment for the business,

Which of the following statements is true regarding mutual agency for a partnership?

Question options:

If one partner wants to buy equipment for the business, she must get the approval of the other partners.

If one partner signs for a loan (note payable) on behalf of the partnership, all of the partners can be held responsible for repaying the loan.

Whichever partner signs the lease for the building rented to operate the partnership from must be the person to pay the monthly rent.

A customer signs a contract for services with one of the partners who represents the partnership. Only that partner can fulfil the contract.

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