Question

The characteristic of a partnership that gives the authority to any partner to legally bind the partnership and all other partners to business contracts is called
a. unlimited liability
b. ease of formation
c. mutual agency
d. dissolution

Answer 1

Answer:

mutual agency

Explanation:

Unlimited liability means the liability of partners are unlimited. Liabilities are not limited to the amount of capital contributed by partners.

Ease of formation refers to how easy it is to form the partnership.

Dissolution refers to ending the partnership.

I hope my answer helps you