In a partnership, mutual agency means: the act of any partner is binding on all other partners, only if partners act within their scope of authority. an act by a partner is judged as binding on other partners depending on whether the act appears to be appropriate for the partnership. that partners must pay taxes on a mutual or combined basis. each partner acts on his own behalf when engaging in partnership business.Is it B? An act by a partner is judges...for the partnership?
Hi,Thanks for the question. The answer isan act by a partner is judged as binding on other partners depending on whether the act appears to be appropriate for the partnership.Hope this helps!If you would like to request me for future posts, please put 'For Bizhelp' at the beginning of them.
BA degree and Certified Public Accountant
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