Where a partner acts without either actual or apparent authority,the partnership:
A) cannot be bound.
B) is bound only if it ratifies the act.
C) is bound only if the third person did not know the partner was acting on behalf of the partnership.
D) is bound under all circumstances,since the partner is an agent of the partnership.

Question

Quizplus · Accepted Answer

The partnership is only bound by the actions of a partner without actual or apparent authority if the partnership ratifies those actions. Ratification can be explicit or implied, but it must occur for the partnership to be legally bound by the partner's actions.

Where a Partner Acts Without Either Actual or Apparent Authority,the