Which of the following is true about a nontrading partnership?
A) Its regular business is buying and selling merchandise.
B) It has no normal borrowing needs.
C) It borrows money to avoid cash flow problems.
D) It has an inventory.
Correct Answer:
Verified
Q44: Express authority:
A)is created by agreement of partners.
B)is
Q45: Which of the following is applied in
Q46: Which of the following is true about
Q47: The apparent authority of a partner to
Q48: Which of the following partnerships can be
Q50: Which of the following is NOT true
Q51: Together,express and implied authority constitute _.
A)fixed authority
B)actual
Q52: _ authority exists because it seems reasonable
Q53: Stella,Bob,and Chris are the partners of Sole
Q54: In a partnership,partners may give everyone notice
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