Which of the following is an implied authority of a partner winding up the business of an accounting partnership?
A)Entering into new contracts made after the dissolution
B)Disposing of the partnership's excess supplies
C)Making a contract to audit the financial records of a new client
D)Borrowing money in the name of the partnership

Question

Quizplus · Accepted Answer

The implied authority of a winding-up partner is the power to do those acts appropriate for winding up the partnership business.He may collect money due,sue to enforce partnership rights,prepare assets for sale,sell partnership assets,pay partnership creditors,and do whatever else is appropriate to wind up the business.

Which of the Following Is an Implied Authority of a Partner