In the Uniform Partnership Act,partners have
I.mutual agency.
II.unlimited liability.
A)I only
B)II only
C)I and II
D)Neither I nor II

Question

Quizplus · Accepted Answer

The Uniform Partnership Act provides that partners have mutual agency, meaning that each partner can act on behalf of the partnership and bind it legally. Partners also have unlimited liability for the debts and obligations of the partnership. Thus, both I and II are correct.

In the Uniform Partnership Act,partners Have