Which one of the following statements is correct with respect to the law of partnership? Every partner is responsible for every contract entered into by his or her partner. Partners are only responsible for contracts entered into by their partnership if the third party knew that the person they were dealing with was a partner in the partnership. Partners are responsible for any contracts entered into by their partners related to the partnership business. A partner is responsible for contracts with third parties entered into by their partners only where it has been clearly stated by the partner to the third party that he isentering the contract on behalf of the partnership. Partners cannot bind their partners in contract without specific written authority