A general partner of a mercantile partnership: A: Can by virtue of his acts, impose tort liability..

A general partner of a mercantile partnership: A: Can by virtue of his acts, impose tort liability upon the other partners. B: Has no implied authority if the partnership agreement is contained in a formal and detailed signed writing. C: Can have his apparent authority effectively negated by the express limitations in the partnership agreement. D: Cannot be sued individually for a tort he has committed in carrying on partnership business until the partnership has sued and a judgment returned unsatisfied.

 

Looking for a Similar Assignment? Let us take care of your accounting classwork while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today! Active Discount Code FREE15