Responses
Two partners are equally liable for damages that occurred while conducting business.
Two partners are equally liable for damages that occurred while conducting business.
Jonah signs a purchase agreement with a supplier while Jaycee agrees to hire a marketing firm to drum up business.
Jonah signs a purchase agreement with a supplier while Jaycee agrees to hire a marketing firm to drum up business.
Jaycee must have permission from Jonah before engaging in any business transactions.
Jaycee must have permission from Jonah before engaging in any business transactions.
Neither partner is liable for damages that occurred while conducting business.
1 answer
The option that illustrates the concept of mutual agency is:
Jonah signs a purchase agreement with a supplier while Jaycee agrees to hire a marketing firm to drum up business.
This option demonstrates mutual agency because it shows that both partners can act on behalf of the partnership and make decisions that affect the business without needing permission from the other partner for each individual transaction.
