Answered: Every partner may do acts of…

Every partner may do acts of administration if there was no designated managing partner in the articles of partnership. What principle is applied?

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations

Section: Chapter Questions

Problem 3DQ

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Question

Every partner may do acts of administration if there was no designated managing partner in the articles of partnership. What principle is applied?

Mutual agency

Entity theory

Fiduciary duty

Delegation of authority

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