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In a Partnership,mutual Agency Means That ________

Question 95

Multiple Choice

In a partnership,mutual agency means that ________.


A) the addition of a new partner does not dissolve the old partnership; there is a mutual exchange of ownership with the existing partners
B) every partner must contribute the same amount of capital
C) the agency problem between the principal and agents are mutual and are neutralized
D) any partner can bind the business to a contract within the scope of its regular business operations

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